AUD/USD Short-term rejection
After the H&S got confirmed, we encountered a bounce on the 0.684 area, jumping back up to the next zone at around 0.686 (50 EMA). As seen, this is a big resistance zone, where the 100 and 50 EMA meet. Therefore, my analysis suggests that there's a bigger possibility of getting rejected on the 4-hour timeframe.
PS: This is not financial advice.
PS: This is not financial advice.
Trade closed: target reached
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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.