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TheTradersAvenue
Dec 1, 2022 5:13 PM

AUDUSD > Straightforward Traditional Triangle Pattern!! 

AUD/USDOANDA

Description

Analysis of #AUDUSD

Hi traders, today we will have a look at #AUDUSD

The AUDUSD is similar o my previous idea on EURUSD a straightforward traditional triangle pattern with confirmation, as we have broken the trendline resistance and now started to move back down.

you can drop a one-time frame and look for a reversal pattern at resistance to see if other trades are also looking for what you are looking for, and if there is interest in buying it back.

if the maker doesn't provide a reason to get in at trend line resistance, usually what will happen is the market will drop to make another test of trend line support, which will make a good buy entry to target 0.6900


I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!
Comments
TheNewsCrypto
Thanks for sharing
DeGRAM
Great chart analysis.
TheTradersAvenue
@DeGRAM, thanks mate
SwallowPremium
Great explanation)
TheTradersAvenue
FOREXN1
Bravo nice view here mate !
TheTradersAvenue
@FOREXN1, thank you
ProjectSyndicate
need more setups just like this
TheTradersAvenue
@ProjectSyndicate, thanks for your support
Solldy
Very good charting. Thank you for sharing this great idea!
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