Thread: AUDUSD broke ascending channel

AUDUSD recently made a false break by printing pinbars .

The price is likely to test the resistance zone since the price broke and closed below the ascending channel .

The market is consolidating on the 4H timeframe following a sell off.

We expect a bearish move.

-------------------

Share your opinion in the comments and support the idea with a like. Thanks for your support!

There are so many things that traders need to learn and understand, where forex is never instant and easy. That's why I am still delving into understanding and knowledge. This is done so that I can be of higher quality in the future when trading with Tickmill broker.