KaKeungChoi
Short

AUDUSD - Sell the breakout of support zone

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
52 2 4
AUDUSD             - Sell the breakout of support zone

The pair has broken the up trend structure, dropped again on the 29th and rebound back up on the 30th but close lower again.

If price could not manage to break the two resist zone above in the coming week, then a larger correction towards the support zones is expected.

Watch out for the break out of the yellow dash line, it could be a sign of a sharper fall towards the support zones.

For those interested in my S/R zones trading technique, you can click into the red button on the bottom left of the chart and read the instructions.
Retreating nicely, but stop by the support zone. wait for price to weaken the support zone and then expect price to go further low.
Reply
Price drop through the first support zone.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out