AUDUSD: Trend-Following Setup Explained 🇦🇺🇺🇸
Hey traders,
Update for AUDUSD:
the pair is trading in a bearish trend.
The market is currently consolidating within a horizontal trading range after a strong bearish wave.
To catch the next trend-following move, wait for a bearish breakout of the range's support.
You need a daily candle close below 0.6363 to confirm the breakout.
Goals will be 0.626 / 0.619
If the price breaks the resistance of the range to the upside, a bullish movement will be expected.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.