AUDUSD - Possible Long Position
Please give me some feedback and let me know what you think.
Multi time frame Analysis
1D time frame price is in a Strong Uptrend giving a Long Bias
4H time frame price is trading in a Ascending Wedge and in a immediate Uptrend giving a Long Bias
1H time frame price is in a Uptrend respecting Trendline and 26EMA giving a Long Bias
Setup and Entry
Wait for price to retrace back to 0.50 - 0.168 Fib zone and bounce off 26EMA to go Long
Multi time frame Analysis
1D time frame price is in a Strong Uptrend giving a Long Bias
4H time frame price is trading in a Ascending Wedge and in a immediate Uptrend giving a Long Bias
1H time frame price is in a Uptrend respecting Trendline and 26EMA giving a Long Bias
Setup and Entry
Wait for price to retrace back to 0.50 - 0.168 Fib zone and bounce off 26EMA to go Long
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