FXtrades-gp

AUDUSD: Is time to BREAK the CHANNEL? (Signal)

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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🟢Forex Pair:
AUD/USD

Technical Analysis:
Here below my previous analysis 👇

Since the 21th of January the price hasn't been able to reach properly the dynamic resistance line of its descending channel , re-testing few times more the support level at about 0.76450.
It is currently on its dynamic support line and the next price action will be absolutely important to understand the next market movement.

🔴Conclusion:
The price is currently moving with high volatility and just around the EMA 200.
I'm confident to see the price breaking through the current support zone and falling down until the next support at about 0.75100.
I'll be waiting for a proper breakout before getting a short position on this trade.

Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!

⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,
Gianni

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Comments

I commend you for your thorough work.
+1 Reply
@abel11, many thanks abel !
Reply
Nice one Gianni well dobe
+1 Reply
FXtrades-gp TheSignalyst
@TheSignalyst thanks so much Rich ! I’m so glad and have a lovely weekend ! 😁
Reply
Great job as always! thanks for sharing
+1 Reply
FXtrades-gp Mahtab_Tradia
@Mahtab_Tradia and thanks so much for your support !
Reply
your pervious an idea was perfect that you link and this scenario is possible too
+1 Reply
@MMBTtrader, His ideas are always on point!
+1 Reply
FXtrades-gp MMBTtrader
@MMBTtrader really appreciate that ! Thanks for your support ! 👌
Reply
FXtrades-gp MMBTtrader
@UnknownUnicorn11814166 I’m glad to hear such a good words 🙏 many many thanks
Reply
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