BluetonaFX - AUDUSD Range Zone Opportunity
Hi Traders!
There is an established new range zone on the AUDUSD 1H chart. After a bullish momentum push up, the previous range zone resistance was broken and then re-tested as support. We now have a consolidation period before there is either a continuation of the bullish momentum or a reversal back to the previous range zone if the bullish momentum is over.
The new range zone is around 38 pips; support is at 0.66371 and resistance is at 0.66752, so there are good risk-reward opportunities to trade the range zone until there is a break to either side.
Please remember to like, comment, and follow us, as your support greatly helps us.
Thank you for your support.
BluetonaFX
There is an established new range zone on the AUDUSD 1H chart. After a bullish momentum push up, the previous range zone resistance was broken and then re-tested as support. We now have a consolidation period before there is either a continuation of the bullish momentum or a reversal back to the previous range zone if the bullish momentum is over.
The new range zone is around 38 pips; support is at 0.66371 and resistance is at 0.66752, so there are good risk-reward opportunities to trade the range zone until there is a break to either side.
Please remember to like, comment, and follow us, as your support greatly helps us.
Thank you for your support.
BluetonaFX