Hi Traders!
There is a potential bearish pennant break on the AUDUSD.
Here are the details:
Price is currently on the 20 EMA, and with market swings with lower highs and lower lows, the price action suggests that this is a bearish setup.
We are looking for the market to target the trendline support with a possibility of a break below to target levels near the monthly low at 0.66406.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 0.62748
Support: 0.66406
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
There is a potential bearish pennant break on the AUDUSD.
Here are the details:
Price is currently on the 20 EMA, and with market swings with lower highs and lower lows, the price action suggests that this is a bearish setup.
We are looking for the market to target the trendline support with a possibility of a break below to target levels near the monthly low at 0.66406.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 0.62748
Support: 0.66406
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.