AUD/USD Wedge broke, retest confirmed - bull run ✅
Hi all,
Here we have the 4 HR chart on the AUD/USD , as you can see we have tested a major trendline twice, with good retracements suggesting good support, and resistance been tested 3 times which as you can see by the chart, we may have an accending wedge /triangle, now with retest confirmed by resistance now acting as support, time to gain a few pips - looking left it's a clear run with no resistance up to the previous high 🤞
✅ We have a 2 areas (grey boxes) where there could possibly be a range/consolidation to gain afew pips too. *** targets achieved ✅ ***
✅ Once the resistance is broken, wait for a retest to have a Conservative entry, or a green candle could be an aggressive approach. *** target achieved ✅ ***
* This is not financial advice, this is for educational purposes only, all feedback back is welcomed, *
Good luck and trade safe
L
Here we have the 4 HR chart on the AUD/USD , as you can see we have tested a major trendline twice, with good retracements suggesting good support, and resistance been tested 3 times which as you can see by the chart, we may have an accending wedge /triangle, now with retest confirmed by resistance now acting as support, time to gain a few pips - looking left it's a clear run with no resistance up to the previous high 🤞
✅ We have a 2 areas (grey boxes) where there could possibly be a range/consolidation to gain afew pips too. *** targets achieved ✅ ***
✅ Once the resistance is broken, wait for a retest to have a Conservative entry, or a green candle could be an aggressive approach. *** target achieved ✅ ***
* This is not financial advice, this is for educational purposes only, all feedback back is welcomed, *
Good luck and trade safe
L
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