FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             is at a Major inflection point in the Market. We are currently at a Daily Trendline and at Major Resistance. Right now the market is coiling up at Resistance. Now, it could be coiling up for an upside move through Resistance or may be coiling for a downside move to stay in it's current trading range on the Daily. We don't know. However, with all that said, I would give edge the Seller's just because of all the resistance we are sitting at currently. Also, the RSI is worth noting here. It went overbought and is now showing major divergence.

I will wait for a break and close out of the balance area to give me direction.

Target #1's are shown on the chart. Target #2 will be your discretion (Trail stops, structure, fib levels, etc)

Stops will go 1 ATR behind the Breakout Bar.

Best of Luck
You nailed the breakout projection
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out