Get started
ThinkingAntsOk

AUD/USD On a Critical Zone by ThinkingAntsOk

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ThinkingAntsOk  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis aud USD AUDUSD LONG short analysis setup
11
0
trendanalysis supportandresistance mtfa aud usd audusd long short analysis setup
🔸 DAILY CHART EXPLANATION:
.
.
🔸 Price is on a strong Uptrend and now it is facing the Resistance Zone.
.
🔸 In case price bounces, it can make a downside move towards the Support Zone, however, we will wait for a breakout of the Ascending Trendline first.
.
🔸 And, in case price breaks the Resistance Zone, then the target of the movement will be the Descending Trendline.
.
🔸 Will look for a lower timeframe setup when the direction is clear.

🔸 4H CHART ANALYSIS:

snapshot

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.