AUDUSD Breakout and Retest Continuation Strategy
The market has broken and closed above the significant psychological level of 0.6800, establishing a range zone above this point. Given the prevailing bullish trend, I see a strong possibility for continued upward movement. Currently, the market is testing the weekly level, and it may consolidate within this range for some time. I expect a pullback to the robust support level below, and potentially to the trendline, before making another upward push. Ultimately, I anticipate breaking and closing above the recent higher high (HH) level. My target is the resistance zone at 0.68530.
Traders, if you find this idea helpful or have your own insights, please share your thoughts in the comments. I’d love to hear from you! 👩💻
Traders, if you find this idea helpful or have your own insights, please share your thoughts in the comments. I’d love to hear from you! 👩💻
Trade ativo
We see a reaction from the support zone. Trading continues actively.Trade ativo
Trade Active.Trade fechado: objetivo atingido
Target reached. See you for the next analysis.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.