Hi Traders!
There is a trendline break opportunity on the AUDUSD 2H chart. After the huge bullish momentum push from the Nonfarm Payroll announcement this past Friday, AUDUSD has now pulled back aggressively near the resistance level at 0.67056, which indicates that there is bearish momentum at this current time. For an entry signal, we are looking for a momentum break and a close below the trendline to target the support level at 0.65953, which is also June 2023's low.
If we do not get a momentum break and close below the trendline, we can look for buying opportunities just above the trendline for another potential resistance test at 0.67056.
Please do not forget to like, comment, and follow.
Thank you for your support.
BluetonaFX
There is a trendline break opportunity on the AUDUSD 2H chart. After the huge bullish momentum push from the Nonfarm Payroll announcement this past Friday, AUDUSD has now pulled back aggressively near the resistance level at 0.67056, which indicates that there is bearish momentum at this current time. For an entry signal, we are looking for a momentum break and a close below the trendline to target the support level at 0.65953, which is also June 2023's low.
If we do not get a momentum break and close below the trendline, we can look for buying opportunities just above the trendline for another potential resistance test at 0.67056.
Please do not forget to like, comment, and follow.
Thank you for your support.
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.