AUDUSD: Trade Opportunities at the Support Zone

The price reached the support zone formed by SMA100 and the uptrend line. The market is going to provide us a reversal candlestick pattern.

In spite of bearish signals from MACD, RSI, DMI, the lower timeframes will be able to provide us a new buy opportunity based on a reversal signal from the support zone.

The price can break the support zone as well. If so, we will be able to think about opening sell trades using the daily chart.

The market is interesting, and I advise you to add it to your watchlist.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.