Aurum Markets Blog Technical Analysis Continuation pattern on AUDUSD

Continuation pattern on AUDUSD

Continuation pattern on AUDUSD post thumbnail image

AUDUSD moved through the support line of a Triangle at 0.6467065624999999 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 0.6451.

Supported by Downward sloping Moving Average

Target: 0.6451 Entry: 0.6467 Stop: 0.648

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post