AUDUSD ( TRADING BELOW TURNING LEVEL ) ( 4H )

2024年8月14日

AUDUSD

HELLO TRADERS

If the price trades below the turning level, it indicates downward pressure towards the first support zone. However, if the turning level is broken and the price stabilizes above the channel, the upward movement will likely become active, targeting the first resistance level.

• Tendency , the price is under downward pressure , until trading below turning level around 0.667 .
  
  
• Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.101 , leading to rise that could reach the resistance level (1) at 0.675 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 0.679 and 0.685 .
  
  
• Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at 0.659 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 0.651 and 0.643
  
  
• CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 0.667 before dropping .
  

TARGET LEVEL :

• RESISTANCE LEVEL : 0.675 ,0.679 , 0.685 .
  
• SUPPORT LEVEL : 0.659 , 0.651 , 0.643 .
  

2024年8月22日

交易結束：目標達成

reached second target .