Technician

AUDUSD: Getting ready for a major breakout!

FX:AUDUSD   Australian Dollar/U.S. Dollar
3645 21 130
The AUDUSD             has is closer to a major directional move.

This is the weekly chart, and therefore this is a longer term chart for you to have a secular view of what's going on with the pair.

Bollinger bands has narrowed significantly, as volatility drops. While the price settles at the main long term falling trend line . My strategy for this pair is to wait for a breakout above or below the triangle formation and trade in the direction of the breakout. Minimum targets for the two scenarios are outlined on charts by the horizontal lines.

Best Regards,
Technician
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com
Thanks for sharing!!
+1 Reply
Thanks mate
Reply
I completely agree!
+1 Reply
thanks for sharing!
Looking at recent candles and 'price action' having mostly pinbars on the topside, I am thinking sellers have the upperhand and the breakdown to the bottom is more likely.... wishfull thinking perhaps as i already have some small shorts open :)
+3 Reply
Technician TOP mcpeacocks
Good luck to you. True, last week pin bar in favor of downside. But the only thing that doesn't make that pin bar a perfect short setup is that it comes in a sideways context.
Reply
Thank you very much sir.
+1 Reply
Welcome :)
Reply
Guys if you haven't subscribed to my mailing list yet go ahead and do at http://thefxchannel.com
Reply
raoadnan84 Technician
Done
Reply
raoadnan84 raoadnan84
loading or keep rotating ,seems not working
Reply
Technician TOP raoadnan84
Thank you for the feedback, will look into it.
Reply
Awesome, thanks for sharing.
Reply
welcome
Reply
Technician - your charts and analysis have always been clear and the way you explain things is really good. Many Thanks for sharing your time and knowledge
Reply
Technician TOP SaeedRehman
Thank you for your feedback. Appreciate it.
Reply
nice move now - classic fake out to the top last week and now down-down-down baby :)
Reply


It broke the btm line, does that means it is expected to go all the way btm? :)
Any sort of links are highly appreciated!!
Reply
@ubersorg, i expect 0.8150 for now.
Reply
Technician TOP Technician
@Technician, excuse me 0.7150
Reply
No7855 No7855
This may be more clear.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out