AUDUSD - Long position
Price moved correctively to the support zone with a falling wedge pattern which indicates a bullish reversal, there is also a double bottom given us multiple confluence to go long on this pair . Zooming in we can also see a change of character on the 4H time time where price broke the lower high (resistance ) and retested as support with a bullish engulfing providing us an entry reason.
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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.