TheTradersAvenue

AUDUSD > Interesting Buy Entry for A Good RRR!!

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Analysis of #AUDUSD

Hi traders, today we will have a look at #AUDUSD

The AUDUSD previously had this reversal pattern which looks like a bullish head and shoulders to me, as you can see the market broke the neckline resistance and now might be coming to visit the zone again

as you know this area now will act as a support level for AUDUSD and could be a very good zone to start looking for a buy entry depending on how the market will get there


I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.