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AUDUSD has broken out of the bearish trendline. This is the first sign of a bearish exhaustion and a possible bullish reversal. However, Price needs to break the static resistance level at 0.65 to confirm the bullish trend.
On the other hand, a break below support level would signify a bearish continuation.
Kindly like and comment below.
Please what do you think about AUDUSD
I trust you're doing alright.
AUDUSD has broken out of the bearish trendline. This is the first sign of a bearish exhaustion and a possible bullish reversal. However, Price needs to break the static resistance level at 0.65 to confirm the bullish trend.
On the other hand, a break below support level would signify a bearish continuation.
Kindly like and comment below.
Please what do you think about AUDUSD
Comment:
Price Levels I'm looking out for at 15mins time frame
Comment:
Price broke the trendline and continued to move upward to resistance level. I'll take my first short trade from this level. Price is rejecting the resistance, has broken the upward trendline and has formed a bearish engulfing candle.
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