AUDUSD AROUND A STRONG ZONE
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
AUDUSD Price is approaching a massive support zone, Then what!
As we can see price is still overall bearish trading inside this channel,
Meanwhile, price is sitting around a strong support zone lining up with the lower bound of the channel acting as an over-sold zone.
Where we will be looking for new longs as well.
From lower time frame price is still overall bearish, However, and as per my trading plan we need a new swing high to be formed around our falling trendline then a break above as shown on the chart.
And as usual if that happens 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
AUDUSD Price is approaching a massive support zone, Then what!
As we can see price is still overall bearish trading inside this channel,
Meanwhile, price is sitting around a strong support zone lining up with the lower bound of the channel acting as an over-sold zone.
Where we will be looking for new longs as well.
From lower time frame price is still overall bearish, However, and as per my trading plan we need a new swing high to be formed around our falling trendline then a break above as shown on the chart.
And as usual if that happens 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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