ProSignalsFx

AUDUSD DOUBLE STRUCTURE BREAKOUT|SHORT BREAKDOWN

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Both the horizontal and diagonal support structures were violated.

Wait for the 4H candle to close below BOTH levels for confirmation of the breakout>>then short.

The final target is the strong daily level. Start closing positions slightly above it.

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Comments

Clean and easy to read analysis! My personal view is that support level holds and we see AUDUSD up again but if that breaks theres definitely a long way down
Reply
@adrielho, thank you. And yes, I agree. That is why breakout confirmation is needed
Reply
Thanks for your analysis!
Reply
@LUKE1710, thank you!!
Reply
I appreciate your comments
Reply
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