AUDUSD DOUBLE STRUCTURE BREAKOUT|SHORT BREAKDOWN Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jun 15, 2020 5:53 AM

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

adrielho

⋅ Jun 15, 2020 7:33 AM

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

ProSignalsFx

⋅ Jun 15, 2020 8:06 AM

@adrielho, thank you. And yes, I agree. That is why breakout confirmation is needed

LUKE1710

⋅ Jun 15, 2020 6:12 AM

Thanks for your analysis!

ProSignalsFx

⋅ Jun 15, 2020 6:13 AM

@LUKE1710, thank you!!

ProSignalsFx

⋅ Jun 15, 2020 5:54 AM

I appreciate your comments