AUDUSD long opportunity
Price on Daily TF is moving in long-term uptrend channel.
Evidently it has touched the lower boundary 3 times since 2016.
Price is now under down pressure in falling wedge pattern and we might expect it to stop at 0.7620-30, then swift reversal from the long-term uptrend support.
Suggesting long at 0.7630-50 area with SL on daily close below 0.76 and TP 0.7880.
Evidently it has touched the lower boundary 3 times since 2016.
Price is now under down pressure in falling wedge pattern and we might expect it to stop at 0.7620-30, then swift reversal from the long-term uptrend support.
Suggesting long at 0.7630-50 area with SL on daily close below 0.76 and TP 0.7880.
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.