The AUDUSD pair is in a downtrend. When we analyze the chart using a larger time frame, we can identify the trend, but determining whether the trend will continue or not is still a challenge. To address this, we create a simple dynamic support and resistance level on the bullish side. We exit at the secondary target and do not wait for the trend to continue in a bullish direction.
Key facts. The bullish trend is moving for a short time. The Dynamic support & resistance. I put the order blocks for both trades in short time.
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I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results. t.me/Xauusdanalysischartexperts
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.
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results. t.me/Xauusdanalysischartexperts
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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.