Lingrid | AUDUSD breakout and RETEST Continuation Trade

20 set 2024

AUDUSD broke and closed above the psychological level of 0.6800. As observed, it has established a range zone above this level. Given the overall bullish trend, I believe there is a good chance that the market will continue its upward movement. Currently, the market is testing the weekly level, and it may remain within this range for a while. I anticipate that the market will roll back to the strong support level below and (possibly) the trendline before making a move higher, ultimately breaking and closing above the recent higher high (HH) level. My target is resistance zone at 0.68570


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

25 set 2024

Trade chiuso: obiettivo raggiunto

Played out perfectly