✨ By MJTrading:
Chart Overview:
AUDUSD reached a 2025 new high around 0.65600 before pulling back sharply. Price broke out of a consolidation wedge and is now retesting the prior breakout and dynamic support area.
🔹 Key Points:
Structure: Clear impulse move to new highs, followed by corrective pullback.
Support Zone: Blue box ~0.6480–0.6500 could act as a demand area if price extends lower.
EMAs: Price testing the 60 EMA (~0.6523) after losing short-term momentum.
Trade Setup:
Entry: 0.65250
SL: 0.65510
TP1: 0.65000
(Please Manage your Risk)( Ideal: 1% Per Trade)
Possible Scenarios:
Bullish reaction from current EMA support or the blue demand zone.
Deeper retracement if price fails to hold above 0.6500.
💡 Note:
This chart highlights how prior consolidation and breakout zones can offer potential retest entries in trending markets.
Thanks for your time an attention...
Follow for more setups.[/I]
#MJTrading
#AUDUSD #Forex #TechnicalAnalysis #PriceAction #BreakoutTrading #SupportResistance #TradingView #FX
Chart Overview:
AUDUSD reached a 2025 new high around 0.65600 before pulling back sharply. Price broke out of a consolidation wedge and is now retesting the prior breakout and dynamic support area.
🔹 Key Points:
Structure: Clear impulse move to new highs, followed by corrective pullback.
Support Zone: Blue box ~0.6480–0.6500 could act as a demand area if price extends lower.
EMAs: Price testing the 60 EMA (~0.6523) after losing short-term momentum.
Trade Setup:
Entry: 0.65250
SL: 0.65510
TP1: 0.65000
(Please Manage your Risk)( Ideal: 1% Per Trade)
Possible Scenarios:
Bullish reaction from current EMA support or the blue demand zone.
Deeper retracement if price fails to hold above 0.6500.
💡 Note:
This chart highlights how prior consolidation and breakout zones can offer potential retest entries in trending markets.
Thanks for your time an attention...
Follow for more setups.[/I]
#MJTrading
#AUDUSD #Forex #TechnicalAnalysis #PriceAction #BreakoutTrading #SupportResistance #TradingView #FX
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.