AUDUSD Targeting Double Top Resistance
Hi Traders!
AUDUSD looks bullish as it targets the double top resistance on the 4H chart.
Here are the details:
Since breaking and closing above the 20 EMA, the price action has been aggressively bullish, and the market is now in an ascending price channel and is near the double top resistance at 0.65430.
The plan here is to buy market dips at retracement levels to target 0.65430.
Preferred Direction: Buy
Resistance: 0.65430
Support 1: 0.64804
Support 2: 0.64428
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDUSD looks bullish as it targets the double top resistance on the 4H chart.
Here are the details:
Since breaking and closing above the 20 EMA, the price action has been aggressively bullish, and the market is now in an ascending price channel and is near the double top resistance at 0.65430.
The plan here is to buy market dips at retracement levels to target 0.65430.
Preferred Direction: Buy
Resistance: 0.65430
Support 1: 0.64804
Support 2: 0.64428
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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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.
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.