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Ricosuavea
Jul 11, 2019 6:18 PM

AUD/USD Attempting to Retest Downtrend-Line (DAILY)  

Australian Dollar/U.S. DollarFXCM

Description

Breaking down this Chart I marked horizontal Daily Levels which have rejected in the past.

Then I marked the obvious down trend-line, Highlighted the multiple rejections.

Currently it seems as if we are retesting, and may have found temporary support.

Personally going to wait for the trend-line to be met OR the green support level to be met before I decide to take a position.


Thanks for taking the time to see this let me know what you think!

Comments
transparent-fx
i believe in sharing knowledge, so thanks for sharing your work, i hope you are also learning from my video sessions
Ricosuavea
@transparent-fx, Thank you, I will start watching your videos and learn from you. I appreciate it.
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