FX:AUDUSD   Australian Dollar/U.S. Dollar
Today we have one for the position traders on a Weekly chart with AUD/USD             .

Straight away you can see price is trading within a range, creating several layers of support and resistance along the way. We are currently trading below the 200 EMA which I consider a major confirmation for a trend continuation, if we start trading above it my bias will change.

There are a lot of picture perfect opportunities forming on the lower time frames, we just need to be patient for now. If you have any additional analysis on this pair feel free to share it below!
Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

Join my Telegram Channel: https://t.me/SixFigureCapital

Facebook: https://www.facebook.com/lewglasgow/
Instagram: https://www.instagram.com/lewglasgow/
Targets ?
+1 Reply
See the comment above.
Reply
snapshot


Failed breakout on upper channel. I do expect some form of pull back. I have my eyes on the middle line for possible short term support. Correction and a break of that line will have me onboard for the ride down.
+1 Reply
Great share! I'm currently short at the moment, 100 pips and holding. This idea was for a long term picture, once we approach the trendline we can look for more shorting opportunities :)
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out