Jump to content

Bullish Momentum on AUDUSD: 400 Pips Down, Potential for Profit


Recommended Posts

BullishMomentumonAUDUSD.thumb.png.a69b36f5731e530d1c586352f64ba492.png

Hey fellow traders!

I wanted to share some exciting news with you all regarding the AUDUSD currency pair. Over the past few days, I've been closely monitoring its movements, and I'm thrilled to report a significant development. The price has finally broken below the immediate support level at 0.6564, indicating a successful breakout.

Now, here's the exciting part. The price is currently retracing towards this former support level, which has now transformed into a resistance zone. If the price fails to break and close above this resistance level, there is a high potential for a bearish push, with a target towards the major support at 0.6177.

This presents a fantastic opportunity for us traders to profit from the downward movement, potentially gaining a massive 400 pips. Keep a close eye on the price action and watch for any signs of rejection at the resistance zone. If the bears take control, it could be a rewarding trade!

Remember, always exercise caution and implement appropriate risk management strategies. Good luck and happy trading!
 

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Staking is the cornerstone for Network security in proof of stake (pos) and 32 ETH requirement for becoming a validator remain a stumbling block to many potential participants in Eth transition to pos. This was why one analyst recently praised Puffer Finance and claim it could increase participation since users can participate in Ethereum staking with as little as 1 or 2 ETH, especially with the anti-Slashing Technology. I didn’t pay much attention to his analysis since I didn’t have 1 eth to stake during the testnet stage but will this have any impact on eth staking participation?  
    • What caught my eye is their focus on empowering creators in the crypto world. As someone who's always been interested in the creator economy, I'm really curious to see how their MUA7648 protocol works. Apparently, it helps with the "modularization of AI agent assets" and supports unlimited issuance. Not entirely sure what that means in practice, but it sounds promising! Oh, and get this - they're running a trading event with a 500,000 MUA prize pool! 🎁 If you're interested, you need to register first. Trading starts on October 10th at 07:00 UTC. I've been reading up on their ecosystem, and it's pretty comprehensive. They've got MUA Academy for learning, MUA Cantina as a marketplace, MUA Labs for innovation, and something called MUAverse. With over 5,000 certified creators already on board, it seems like they're building a solid community.
    • With the uncertain nature of the market and insignificant airdrop rewards, exploring other strategies is a no brainer. While assessing liquid staking as a valid option, Puffer Finance reward easily appeals for its rewards and flexibility. With Puffer, anyone can benefit from both PoS and restaking earnings. Users can also stake ETH and receive liquid restaking token pufETH which appreciates as validators are added. In addition to its Liquid restaking rewards, PUFFER token's listing on Bitget is imminent providing various earning opportunities including a launchpool, PoolX etc. Puffer Finance has seen an exponential adoption since launch, could this listing and the opportunities it will unlock fast track its adoption?
×
×
  • Create New...
us