This chart is for the AUD/USD currency pair on a 30-minute timeframe. It appears to be a double top pattern, which is typically a bearish reversal pattern. Here's a breakdown of the strategy implied in the chart:
Key Elements:
Double Top (Red Arrows): Indicates a strong resistance zone around the 0.6389 area.
Neckline (Blue Horizontal Line): Around 0.637
Key Elements:
Double Top (Red Arrows): Indicates a strong resistance zone around the 0.6389 area.
Neckline (Blue Horizontal Line): Around 0.637
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ACTIVE TRADE
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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.
📲 Join telegram channel free ..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.