Hello Fellow Traders, here's your free outlook for AUDUSD! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :)
AUDUSD broke out of the rising wedge pattern. Breakout of rising wedge pattern indicates the possibility of bearish movement. The momentum indicator is crossing down toward the zero area, it signify the potential downward movement to the target area.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the forex pairs.
Trade closed: target reached
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Target 1 Achieved, you can consider to take half of your position and set BEP at this point!