848evo
Long

[TRADE SETUP] AUDUSD Pullback Heavy Resistance

FX:AUDUSD   Australian Dollar/U.S. Dollar
40 0 1
It looks like AUDUSD             had broken out of the flag pattern from my previous analysis and gone up a bit just to come back down to retest the rising TL. It is currently experiencing a lot of resistance with the 50 SMA , rising TL, and near lower channel. As long as PA doesn't break 0.7545 I still expect a bullish move. If PA breaks that support level, then we will wait and see which direction of the channel PA breaks out of.

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***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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