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FreeTradeAnalysis
Nov 30, 2021 8:12 AM

AUDUSD LOOKING FOR LONG? HERE IT IS, LOOKING FOR SHORT? HER ITS! 

Australian Dollar/U.S. DollarFXCM

Description

Plan A (SHORT):
If it gives a breakout of the support zone then;
Buy at 0.70781
TP: 0.70267 (previous strong support)
SL: 0.71486

Plan B (LONG):
If it does give a breakout and respects the support zone then;
Buy at 0.71827
TP 1: 0.72225 (Previous resistance & support)
TP 2: 0.72913 (Previous Resistance)
SL: 0.70965 (little below the support zone)

Bearish Indications:
Bearish breakout of major support
Downwards trendline
Series of LH and LL,
If it breaks out the support zone,
it will go down to make LL probably around
the previous major support at 0.70267

Bullish Indications:
Respects the support zone and bounce back


IF YOU LIKED THE IDEA, SHOW YOUR SUPPORT ;) AND IF YOU DONT THEN LETS DISCUSS ;)
WE NEED YOUR SUPPORT TO KEEP THIS GOING ;)


Comment

TP Hit :)
Comments
blockchainPanther
Great Analysis!
FreeTradeAnalysis
@blockchainPanther, Thanks buddy, so glad you liked it
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