AUDUSD | STRONG UPTRENDPrice rejects previous support and wedge toward to next resistance and based on the Ichimoku its confirmed uptrend once R1 is broken.
USDAUD trade ideas
💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7375). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 0.7330
TP2= @ 0.7265
TP3= @ 0.7220
SL: Break Above R2
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AUDUSD - About to break 3 years of resistancePrice about to break 3 years of resistance, as it is looking very strong and bullish this time it has all the chances to break and move up further to the target line ( dotted ). Take the trade according to the support and resistance levels if there is a unexpected big move. . .
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Only for Educational Purpose.
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