• Vasily Trader

AUDUSD: Preparing for Breakout (Trading Plan)

⚠️AUDUSD is forming a descending triangle formation:

the price sets a sequence of lower highs respecting the same low.

bullish reaction from current support becomes weaker and weaker.

I am waiting for a breakout of its support.

it will be a strong bearish signal and the price will most likely drop lower.

next support - 0.6633