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DeGRAM
Apr 10, 2024 8:43 AM

DeGRAM | AUDUSD structe based trade Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD is currently testing the structure resistance level by completing the AB=CD pattern.

Volatility decreased, approaching the resistance level. After reaching the dynamic resistance, the chart formed a bearish takeover.

The market reached the strong resistance level on the D chart.

We expect a sell-off from the resistance.


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Trade closed: target reached

Comments
DeGRAM
Good luck in the markets and have a great trading week!
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