AUDUSD - Fake Breakout ❌️
Hello Traders,
By looking at AUDUSD, We can see that the price is moving in a corrective way which means that the bearish move hasn't finished yet.
SHORT Entry:
We are breaking now the ascending blue trendline. If interested in shorting, your stoploss should go above the recent highs or above the 50 Fibonacci level targeting the grey zone and -0.27 level.
By looking at AUDUSD, We can see that the price is moving in a corrective way which means that the bearish move hasn't finished yet.
SHORT Entry:
We are breaking now the ascending blue trendline. If interested in shorting, your stoploss should go above the recent highs or above the 50 Fibonacci level targeting the grey zone and -0.27 level.
Note
AUDUSD 1H - Wait for 1H candle to close below the blue trendline Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.