AUDUSD breaks 0.6921 support in the 15 minute chart SELL SELL
AUDUSD….The AUDUSD is going to fall even further and this is an opportunity to jump into the trade and cash in on some 20 to 40 pips. The common consensus among the 3 moving averages is that there is a clear and strong downtrend coming. At the moment the market is choppy but according to my analysis the market will not reverse but continue going downwards. The market has already broken the support that was at 0.6921 a few minutes ago at the time of writing. At that support level there was a dramatic increase in volume which saw the bears win and push the price lower. I'd strongly suggest selling the pair at the 0.69545 level and having a 10 pips stop loss just incase though I doubt it will be needed and target at least 20 pips and a maximum of 40 pips. Don't forget to like and subscribe for more ideas and trade opportunities. Note
As you can see we hit our 20 pips take profit.
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.
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.