AUD/USD Waiting for a Breakout by ThinkingAntsOk
🔸 4H CHART EXPLANATION:
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🔸 Price bounced at the Resistance Zone.
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🔸 It has also broken the Ascending Trendline.
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🔸 It has been consolidating for some weeks. We are waiting for a clear breakout of the consolidation before taking any position.
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🔸 Will look for a lower timeframe setup.
🔸 WEEKLY CHART ANALYSIS:
.
.
🔸 Price bounced at the Resistance Zone.
.
🔸 It has also broken the Ascending Trendline.
.
🔸 It has been consolidating for some weeks. We are waiting for a clear breakout of the consolidation before taking any position.
.
🔸 Will look for a lower timeframe setup.
🔸 WEEKLY CHART ANALYSIS:
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