AUDUSD / AFTER BREAKOUT THE CHANNEL - 4HAUDUSD / 4H TIME FRAME
HELLO TRADERS
After the breakout channel , the price continues to rise, indicating the market is in an uptrend and buyers are dominating, putting upward pressure on the asset.
The price level of 0.689 is identified as a key support level. As long as the price stays above this, the uptrend is likely to
If the price remains above 0.689, the analysis expects it to move toward the supply zone between 0.697 and 0.701, where there might be resistance or selling pressure.
If a 4-hour candle closes below the 0.689 support level, it signals a potential bearish move. In this case, the price may decline and head towards the demand zone between 0.683 and 0.680.
My Target : supply zone between 0.697 and 0.701.