AUDUSD: Retracement Over | Perfect Bullish Entry

2020년 11월 29일

Hello Friends, Welcome to the technical analysis on AUDUSD. Based on my technical analysis, I think, We might get a good opportunity here. We've all seen price started to pullback from 0.73992 & keep on dropping. Now it is trading near a good support area(A); which probably would take the price up higher. I have used also Fibonacci retracement tool to find the pullback level and it helped me to find the next probable support area, which is aligning with support line(B) as well. Plus, I'm seeing a lot weakness at previous supply level as well. So I think this area should be the next support level, which would give at least 50 Pips.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.