AUDUSD has been bouncing between a support and resistance zone which is marked on the chart in the consolidation box drawn. We want to see AU break through the .72222 zone before entering any buys with a break and a retest. As of right now I wouldn't recommend trading inside of the zone wait for a break of either the top light blue zone or a break of the golden zone. On the break of either direction wait for confirmation going that direction.
TP 1 for a buy is .72430 which is the black upper box.
TP 2 for a buy is .72750 which is the purple box.
Purple = Daily Zone
Light Blue = 4Hr Zone
Gold = 1Hr Zone
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Ace Trading Academy
TP 1 for a buy is .72430 which is the black upper box.
TP 2 for a buy is .72750 which is the purple box.
Purple = Daily Zone
Light Blue = 4Hr Zone
Gold = 1Hr Zone
Like, Comment, Follow
Check out Linked Video for full breakdown analysis
Ace Trading Academy
~ Ace Trading Academy
Discord Link: discord.gg/E57RcHC7sR
Discord Link: discord.gg/E57RcHC7sR
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.
~ Ace Trading Academy
Discord Link: discord.gg/E57RcHC7sR
Discord Link: discord.gg/E57RcHC7sR
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.