AUDUSD Analysis:
AUDUSD has broken the bottom level of the Ascending channel after a long time in the 4-hour timeframe chart. After the confirmation of breakout, AUDUSD Sell signal is given.
In the daily timeframe chart, AUDUSD is falling from the retest area and the lower high area of the descending channel.
AUDUSD price has Retested the previous support area and starts to fall in the 4-hour timeframe. However, as per our signal rules, AUDUSD should be closed at entry price range due to 2 days protection rule.
As per our signal rules, If the market doesn’t reach target 1 within 2 days, we recommend our users to protect the trade by moving your stop loss or Take Profit to entry price for safe trading.
Due to this 2 days protection rule, AUDUSD has moved up and down between the entry price range for more than 2 days and it has closed at the entry price level.
At all the market conditions, We always want you to trade safe using our signal rules. please read it completely here: https://signal.forexgdp.com/follow/
Please Be patience and Trade with care.
Don’t trade at your free time, instead trade the markets only when there are confirmed trade setups.
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