AUDUSD IS CURRENTLY IN THE MONTHLY SUPPORT ZONE WHICH HAS BEEN REJECTED 5 TIMES.
PRICE HAS FORMED A FALLING WEDGE WHICH I AM HOPING WILL PUSH PRICE TO THE BASE OF THE DESCENDING WEDGE NEXT RESISTANCE ZONE.
TARGET IS ALSO BASED ON FIBONACCI CLUSTERS ALIGNED WITH PREVIOUS STRUCTURE.
PRICE HAS FORMED A FALLING WEDGE WHICH I AM HOPING WILL PUSH PRICE TO THE BASE OF THE DESCENDING WEDGE NEXT RESISTANCE ZONE.
TARGET IS ALSO BASED ON FIBONACCI CLUSTERS ALIGNED WITH PREVIOUS STRUCTURE.
Note
price not triggered as of yet - as the 4 hourly candlestick closed below the trendline.Note
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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.