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Chinedumnweke

AUDUSD BREAK ABOVE DESCENDING TRIANGLE. UPTREND CONTINUATION?

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Chinedumnweke  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators audusdlong breakouttrading Descending Triangle
1
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trendanalysis chartpattern indicator audusdlong breakouttrading descendingtriangle
We finally see a break of descending triangle with a strong push to the upside, suggesting a continuation of previous uptrend. A better place to enter in on a buy would be after a retracement to the 50 & 61.8 fib retracement area. Profit will be many times bigger than risk. Cheers!
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