4H Analysis on AUDUSD
Aktualisiert
Hello traders. On this 4H analysis of AUDUSD, we have the formation of a broadening triangle. Price has recently been rejected from the support level in the 0.68500 region. This level may or may not be retested. The projected target would be the resistance level in the 0.70000 region or the 0.71300 region.
If price breaks through the support level in the 0.68500 region before heading higher, this trade will be invalidated.
If price breaks through the support level in the 0.68500 region before heading higher, this trade will be invalidated.
Anmerkung
Price made it to the first projected target in the 0.70000 region. If this trade was taken in two positions, this would be a good place to close half of the positions.All positions could also be closed to secure 100% profit.
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