I am looking to long AUDUSD if a few criteria rules are met.
A break of the bearish trendline and a higher low forming would be a nice entry. Price has bounced off the 0.68500 support zone once again and I think the 1hr bearish trend could reverse now.
Look for price to break and retest the trendline and 1hr 50EMA.
USD weakness going in to the rest of the week.
TP1 is previous 4hr resistance @ 0.69200
TP2 could be 0.69800/0.70 or further
A break of the bearish trendline and a higher low forming would be a nice entry. Price has bounced off the 0.68500 support zone once again and I think the 1hr bearish trend could reverse now.
Look for price to break and retest the trendline and 1hr 50EMA.
USD weakness going in to the rest of the week.
TP1 is previous 4hr resistance @ 0.69200
TP2 could be 0.69800/0.70 or further
Note
NO TRADE SET UP ON THIS ONE
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.