HuybenD

AUDUSD long opportunity

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
1 On the monthly the market is in a up AB rejecting the 78.6 retracement level.
2 To confirm the market is bullish we need to break the daily trend line
3 the market to form a higher low
4 the market to form a new higher high

My first indication is a fake out on the 4 hour wish indicates the market is bullish.
daily hit the 127 Extension level so I expect a retracement to at least the 38.2 or 50 %
wish also is the retest of the triangle on the 4 hour

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.