AUDUSD: leave the channel to start a new one
The price has reached one of the main trend lines of recent months - 0.772. This line combines price extremes into a channel that has existed since the first days of January.
The price entered the channel by bouncing off the 0.760 level and reaching the 0.780 level. Within a month, it fell back to the start level and began a new growth. Therefore, it is likely that the price will break the trend line, touch the level of 0.774 and start falling in a new descending channel (to position 0.760)
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
The price entered the channel by bouncing off the 0.760 level and reaching the 0.780 level. Within a month, it fell back to the start level and began a new growth. Therefore, it is likely that the price will break the trend line, touch the level of 0.774 and start falling in a new descending channel (to position 0.760)
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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