Potential Breakout Opportunity - 4hr - AUDUSD
Hello Everyone,
The currency (AUDUSD) has been on a negative (bearish) trend for quite a time length. A transfer in trend (direction) is imminent soon. (or a correction within a few days times). Further analysis and patience is necessary before entering a position. (Wait for confirmation or infiltrated S/R Levels)
Resistance Level 3 - (0.72940 - 0.72965) 25 pip interval
Resistance Level 2 - (0.72070 - 0.072100) 30 pip interval
Resistance Level 1 - (0.71690 - 0.71715) 25 pip interval
Blue Horizontal Line (KPZ) - (0.71150 - 0.71175) 25 pip interval
Support Level 1 - (0.70520 - 0.70550) 30 pip interval
Support Level 2 - (0.70015 - 0.70040 25 pip interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)***
-LionGate
The currency (AUDUSD) has been on a negative (bearish) trend for quite a time length. A transfer in trend (direction) is imminent soon. (or a correction within a few days times). Further analysis and patience is necessary before entering a position. (Wait for confirmation or infiltrated S/R Levels)
Resistance Level 3 - (0.72940 - 0.72965) 25 pip interval
Resistance Level 2 - (0.72070 - 0.072100) 30 pip interval
Resistance Level 1 - (0.71690 - 0.71715) 25 pip interval
Blue Horizontal Line (KPZ) - (0.71150 - 0.71175) 25 pip interval
Support Level 1 - (0.70520 - 0.70550) 30 pip interval
Support Level 2 - (0.70015 - 0.70040 25 pip interval
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)***
-LionGate
Comment:
Constant Rejection at Key Price Zone (KPZ). Considering the attempt to break north (bullish), the pairs momentum has appeared to gone south.