Possible Setup for AUDUSD
Hi Traders,
I think after some strong bullish candles, the pair has formed an ascending triangle. Technically, we should expect to have a breakout from upside of the triangle. If that happens, I'll be waiting for a pull-back confirmation, and then I will go long toward the next resistance cluster. On the other hand, if the breakout happens from downside of the triangle, I will go short till the next support. To me, the first scenario is more probable.
Safe trading!
I think after some strong bullish candles, the pair has formed an ascending triangle. Technically, we should expect to have a breakout from upside of the triangle. If that happens, I'll be waiting for a pull-back confirmation, and then I will go long toward the next resistance cluster. On the other hand, if the breakout happens from downside of the triangle, I will go short till the next support. To me, the first scenario is more probable.
Safe trading!
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