AUDUSD has been trading with in a bearish parallel channel . The price previously get rejected from upper boundary of channel The price need to break above the bearish channel and also need to sustain above mentioned fib level. One can take long position with stop loss below the horizontal support zone . While failure to break the bearish channel all over for bulls.
Manage your trades accordingly.
Manage your trades accordingly.
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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.