AUD/USD On a Critical Zone by ThinkingAntsOk
🔸 DAILY CHART EXPLANATION:
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🔸 Price is on a strong Uptrend and now it is facing the Resistance Zone.
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🔸 In case price bounces, it can make a downside move towards the Support Zone, however, we will wait for a breakout of the Ascending Trendline first.
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🔸 And, in case price breaks the Resistance Zone, then the target of the movement will be the Descending Trendline.
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🔸 Will look for a lower timeframe setup when the direction is clear.
🔸 4H CHART ANALYSIS:
.
.
🔸 Price is on a strong Uptrend and now it is facing the Resistance Zone.
.
🔸 In case price bounces, it can make a downside move towards the Support Zone, however, we will wait for a breakout of the Ascending Trendline first.
.
🔸 And, in case price breaks the Resistance Zone, then the target of the movement will be the Descending Trendline.
.
🔸 Will look for a lower timeframe setup when the direction is clear.
🔸 4H CHART ANALYSIS: