AUD/USD - major support tested, possible accending wedge 4HR
Hi all,
Here we have the 4 HR chart on the AUD/USD, as you can see we have tested a major trendline twice, with good retracements suggesting good support, and resistance been tested 3 times which as you can see by the chart, we may have an accending wedge/triangle,
We have a 2 areas (grey boxes) where there could possibly be a range/consolidation to gain afew pips too.
Once the resistance is broken, wait for a retest to have a Conservative entry, or a green candle could be an aggressive approach.
* This is not financial advice, this is for educational purposes only, all feedback back is welcomed, *
Good luck and trade safe
L
Here we have the 4 HR chart on the AUD/USD, as you can see we have tested a major trendline twice, with good retracements suggesting good support, and resistance been tested 3 times which as you can see by the chart, we may have an accending wedge/triangle,
We have a 2 areas (grey boxes) where there could possibly be a range/consolidation to gain afew pips too.
Once the resistance is broken, wait for a retest to have a Conservative entry, or a green candle could be an aggressive approach.
* This is not financial advice, this is for educational purposes only, all feedback back is welcomed, *
Good luck and trade safe
L
Nota
First profits completed ✅Possibly trade the range if your feeling brave - otherwise await the break and retest of the accending wedge 🤞
* This is my opinion, this is not financial advice, educational purposes only *
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.