DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Monday, February 15, 2021

AUDUSD: an upcoming NEW BULLISH impulse!

AUDUSD: an upcoming NEW BULLISH impulse!

Hi traders and welcome to my channel, if you enjoy my FREE Technical AnalysisπŸ“ˆ and Trading TipsπŸ“‰, support the idea hitting the LIKEπŸ‘ button and don't forget to SUBSCRIBE✔️ my channel, you won't miss anything!

🟒Forex Pair:

Technical Analysis:
Since the 4th of February 2021, the price has been following a strong uptrend, as we can see in the chart, the price got a really interesting bullish impulse on the level 0.75900.
On the 9th of February, the price broke through its main trendline and since that moment it started moving creating on every wave higher lows and higher highs.
This pattern could be an interesting trend correction before getting a new trend continuation.

The price is moving between the resistance zone at about 0.77900 and its main trendline.
Considering that the resistance zone worked very well in the past, I'm confident to see a new upcoming rejection.
A new pullback on the trendline or a proper breakout of the current level will be my possibile entry point on this long trade.

Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!

Please note the views are not investment advice and should be used only for educational purposes⚠️

Trade Safe and Responsibly,

from Trading Ideas
via gqrds

No comments:

Post a Comment

Follow Our Hourly Post by Email