AUDUSD : Rejection from support zone

The AUD/USD retested support zone and important trendline again , keep an eye on strong candle breakout to confirm clear direction.

see older post   >>>  AUDUSD : Symmetrical Triangle : Plan A

1 hour chart plan

Range trading

A. wait for retest support zone to confirm the bullish signal again, buy target at important trendline.

B. retest important trendline = sell signal

Breakout Plan

A. wait for strong candle (engulfing) breakout of trendline to confirm clear direction

B. strong candle breakout of support zone could target lower trendline , wait for pullback retest breakout level for the bearish signal




Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.