Australian Dollar / U.S. Dollar
Long
Updated

AUDUSD - Trend Continuation - EASY Breakout Strategy

182
Hi Traders!
The market is moving in an Uptrend.

As you can see, the price is at this moment ranging between
two important Levels:
  • The Support at 0.63800 and
  • the Resistance at 0.65700


Now we're predicting a Trend Continuation.
But why now?

You're probably thinking, that the market is at strong Resistance.
That's why it'll fall.

But look at the behavior of the market:
The first time it hit the Resistance, it immediatly pulled back.
The second time, the market again instantly retraced.

We recommend to buy the trade with a Retest.


Thanks and successful trading :)!
Note
The RED BOX, but in big:

snapshot

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