AUDUSD getting ready for an uptrend
Based on the chart, a major resistance area is broken and a pull back on the support ( which previously act as resistance) is about to happening right now. If a we notice a weakness on sellers, then and uptrend would be highly possible and a good risk/reward ratio.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
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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.