AUDUSD → False breakdown of resistance. Ready to go down?
AUDUSD is forming a false break of the range resistance, but the market continues to struggle between traders. The focus is on the risk zone, the breakout of which will send the price flying downwards. The trend is neutral, after a long-range retest of 0.66676 resistance a false breakdown is formed and the buyer has no potential to go up. A retest of the local maximum is possible, but all the emphasis is on the support at 0.6648. A break of this area will be a confirmation of the buyers' loss, as well as a break of the local uptrend, which will provoke the formation of a strong bearish impulse.
Resistance levels: 0.6668, 0.6715
Support levels: 0.665, 0.6558
Most likely, the buyers' strength will not be enough to pass the mentioned resistance from the first time. At the moment the seller is pushing the market and if the key support area is broken, the market will change its local mood
Regards R. Linda!
Transaction en cours
Price is breaking channel support and testing the 0.665 liquidity area.
A quick retest or pre-breakout consolidation may trigger a support breakout
Transaction en cours
A support breakout is formingTransaction en cours
Perfect realization. An impulse is formed after a false breakdownThe fall may continue
Transaction en cours
Realization of the breakdown at 50 pipsTransaction en cours
Technically, the currency pair is ready to go down further!Transaction en cours
It's perfect. Retest of resistance does not give any result and after a false breakdown a fall is formedTransaction en cours
Oh, that's great. Long consolidation at the resistance level (fight between buyers and sellers) determines the winner. It was the sellersThe change of fundamental background forms an impulse downward.
The nearest target will be reached soon.
Note
Let's keep holdingNote
Continuing to hold
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.