AUDUSD reaches the top of the price channel, time to drop?
AUDUSD has reached the top of the ascending price channel. If we see some bearish price action at the top of the channel, it will be a good idea to start looking at some sell trades.
There is a chance that AUDUSD may drop back to the support level at 0.7150.
Traders can look at sell trades between 0.7263-0.7284 with SL above 0.73 and TP at 0.7150
There is a chance that AUDUSD may drop back to the support level at 0.7150.
Traders can look at sell trades between 0.7263-0.7284 with SL above 0.73 and TP at 0.7150
Trade active
Sold at 0.7265.Note
70 pips profit
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.
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.