jamanglona

TREND CONTINUATION ON THE AUDUSD (TRADE WALK THROUGH)

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
HELLO TRADERZ! FOR MY ANALYSIS ON THE AUDUSD H1 CHART, I'M LOOKING AT A POTENTIAL TREND CONTINUATION TRADE SET UP HERE IN OUR REVERSAL ZONE. WE HAVE HAD A COUPLE 'ABCD PATTERNS' THAT COMPLETED. USING FIBONACCI, A POSSIBLE TURN AT THE 50% LEVEL TO CONTINUE IT'S MOVE TO THE UPSIDE. A PROJECTED MOVE UP INTO PREVIOUS RESISTANCE (LOOK LEFT). LET'S SEE HOW THIS PLAYS OUT!

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