AUDUSD looks to be forming a beautiful cup and handle with an incoming upside breakout. We are accumulating buying pressure on the OBV for both daily and weekly charts. We also just broke the Daily 50MA, along with trending above the H4 50/200 MA.
Cup and Handle Play:
ENTRY 0.64905
TP 0.66785
SL 0.63679
RR 1.5
Cup and Handle Play:
ENTRY 0.64905
TP 0.66785
SL 0.63679
RR 1.5
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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.