AUDUSD | Might get a good impulse to the upside.
When it comes to AUDUSD, a while ago, we've seen a strong impulse to the downside. And got rejected from a previous support area S1. And still price is moving with good momentum means there is less resistance to the upside. So I think the price'll keep this momentum till the next resistance area T1, which is a previous support area; that might act as a resistance as well. So better set this area as the first exit point.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.