FXtrades-gp

AUDUSD: an upcoming NEW BULLISH impulse!

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
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🟢Forex Pair:
AUD/USD

Technical Analysis:
Since the 4th of February 2021, the price has been following a strong uptrend, as we can see in the chart, the price got a really interesting bullish impulse on the level 0.75900.
On the 9th of February, the price broke through its main trendline and since that moment it started moving creating on every wave higher lows and higher highs.
This pattern could be an interesting trend correction before getting a new trend continuation.

🔴Conclusion:
The price is moving between the resistance zone at about 0.77900 and its main trendline.
Considering that the resistance zone worked very well in the past, I'm confident to see a new upcoming rejection.
A new pullback on the trendline or a proper breakout of the current level will be my possibile entry point on this long trade.

Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!

⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,
Gianni

Comments

Adore your charts work, thanks bro
+1 Reply
FXtrades-gp Investroyllc
@Investroyllc thanks for your feedback 🙏
Reply
Wonderful analysis here, stay awesome
+1 Reply
FXtrades-gp T_V_TreeTrader
@T_V_TreeTrader thanks a lot 🙏
Reply
Very Nice,Here is mine setup now
+1 Reply
FXtrades-gp MrForex_Global
@MrForex_Global, absolutely amazing!I'll have a proper look right now!
Reply
Great setup! Thank you
+1 Reply
@BigLava, Hi BigLava, thanks so much ! :D
Reply
perhaps a long from 0.77666?
+1 Reply
FXtrades-gp TopTradingSignals
@TopTradingSignals, Hi guys, thanks for your comment, in my opinion there is too much risk to open a long trade at 0.77666, I'd wait a closing price at 0.78000 to have a confirmation of the resistance breakout (eventually it will break through it).
Reply
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