Get started
ASCENS10N

AUDUSD: Possible take profit area for the market makers

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
ASCENS10N Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis
3
0
trendanalysis
We are seeing price revisit an unseen supply zone since 2017. I expect some taking profit to happen from the market makers.

AUDUSD Short
Entry is valid as long as price is below 0.7770

SL: 0.7860
TP: 0.7390
Comment:
We are seeing a rejection from the supply zone showing up this week after a few weeks of ranging.

The US dollar is getting stronger slowly but surely.

0.7500 will be the first target.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.