"Aussie" Long Opportunity
Daily consolidated within a range as you can see based off the M.A's. Last week we had a tweezer bottom off daily support along w/ a bullish engulfing over monthly key level + 8 EMA. All this goes along w/ the 5 previous weeks of sellers exhaustion at our monthly key level. Showing sellers exhaustion on the 8, 4 and 2 hour TF. W/ the 1 hour pulling back to a 61.8% retrace, sellers exhaustion + bullish engulfing and a double bottom pattern, we have ourselves a buy opportunity. 1:3 R:R
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