AUD/USD: Potential Fakeout Warning
On the 1-hour timeframe, we’ve broken out of the blue resistance trendline, but caution is advised. The price may face rejection at the red resistance zone, where sellers remain active.
Waiting for confirmation before opening a short position from this zone is a safer approach. Watch this level closely for clearer signals. 🎯
WiVERIDERS
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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.
WiVERIDERS
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.