AUDUSD bullish triangle pattern usually signifies Period

5 giorni fa

Go Through the this Forecast Price will want to Grow on Top.

In technical analysis, a bullish triangle pattern usually signifies a period of consolidation before a breakout to the upside. Since the price has hit support and is now moving upwards, it's aiming for the first target at 0.63700 and then potentially the second target at 0.63800.

Keep an eye on price action as it approaches these targets. You may want to consider any additional confirmations (such as volume, momentum, or other indicators) to ensure the breakout is valid. Also, setting a stop-loss below the support level could be a good risk management strategy in case the market moves against your position.

You may find more details in the chart.

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