Lingrid | AUDUSD breakout and RETEST Continuation Trade
Updated
AUDUSD broke and closed above the psychological level of 0.6800. As observed, it has established a range zone above this level. Given the overall bullish trend, I believe there is a good chance that the market will continue its upward movement. Currently, the market is testing the weekly level, and it may remain within this range for a while. I anticipate that the market will roll back to the strong support level below and (possibly) the trendline before making a move higher, ultimately breaking and closing above the recent higher high (HH) level. My target is resistance zone at 0.68570Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached
Played out perfectly
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