AUDUSD Symmetrical Triangle w/ Long Term Resistance TL
Like said in the title, I along with many traders noticed this symmetrical triangle setup. Price has recently been stalling between the support trendline and the strong resistance zones; forming a somewhat unclear ascending triangle inside the much larger symmetrical triangle.
That with the pair's seeming reversal into bull territory, I have a bullish bias on this pair as long as it does not break through the red and purple support areas.
I fear my bullish optimism may be subdued if markets gap down at today's open, but we will have to be patient.
That with the pair's seeming reversal into bull territory, I have a bullish bias on this pair as long as it does not break through the red and purple support areas.
I fear my bullish optimism may be subdued if markets gap down at today's open, but we will have to be patient.
