Lingrid | AUDUSD trend CONTINUATION trade

12 Ara 2024

The price perfectly fulfills my last idea. It reached target. AUDUSD is currently showing a bearish trend by a series of lower lows and lower closes. After pulling back from its support level, the market retested the resistance zone, only to fall back down. I expect the downtrend to continue, with the price likely to move further downwards. Notably, a long-tailed candle formed at the resistance zone, hinting at a potential reversal and trend continuation. I expect the price move below the psychological level at 0.64000 and retest the support zones. My goal is support zone around 0.63780

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

12 Ara 2024

İşlem kapandı: hedefe ulaştı

TARGET DONE - +46 pips