AUD/USD Ascending Triangle Breakout – Bulls Eyeing 0.6600
AUD/USD is forming an Ascending Triangle on the 4H chart, showing bullish pressure building after multiple Change of Character (CHoCH) and Break of Structure (BOS) confirmations.
Support Level: 0.6400
Support Zone: 0.6450 – 0.6470
Resistance Area: 0.6600
Currently, price has broken above the descending trendline, suggesting bullish continuation if momentum holds. A retest of the breakout zone could provide a potential long opportunity, with targets toward the 0.6600 resistance area.
Breakout from Ascending Triangle
Higher highs with strong demand at support
Bullish continuation expected if price holds above 0.6500
This is not financial advice. Always manage risk and use proper risk-reward ratios before entering trades.
Support Level: 0.6400
Support Zone: 0.6450 – 0.6470
Resistance Area: 0.6600
Currently, price has broken above the descending trendline, suggesting bullish continuation if momentum holds. A retest of the breakout zone could provide a potential long opportunity, with targets toward the 0.6600 resistance area.
Breakout from Ascending Triangle
Higher highs with strong demand at support
Bullish continuation expected if price holds above 0.6500
This is not financial advice. Always manage risk and use proper risk-reward ratios before entering trades.
Trade active
Trade has been active ; Risk mange has properlyTrade closed: target reached
Trade has been successfully .
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$ FOREX / GOLD / BTC | Real Trades,Real Result | Risk-managed strategiesn &VIP Signal {My Personal Entries} Join Telegram _ Trade smater ||
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.