AUDUSD Long Daily / 4hr ChartTrade Pair: AUDUSD
Positioning: Long
Thinking:
AUDUSD has bounced off the 100 SMA on the daily chart and worked as support.
Price has closed above the 50 SMA on the daily chart
Price looks like it is recovering from a pullback
Entry Price: 0.67226
Stop Loss: 0.66515
Take Profit: 0.67994 or trail the stop if you see a strong move 0.68000
Please ensure you use appropriate risk management.
Happy pip hunting!