Hello Traders! This morning I am looking at this great opportunity on the AUDUSD pair. As you can see the AUDUSD has had a nice pullback to a strong support. To support our buy we have a clear support zone from previous highs. We also have a rejection candle o the 1hr chart rejecting our 200 EMA. With this we also have the uptrend channel that we are still trading between to accommodate our trade. Thank you for checking out my Trade IDEA. If you like it could you please leave a like and Id be more than happy to here your opinion on it! Happy Trading!
Comment:
I DID NOT ENTER THIS TRADE AFTER SPOTTING THE MOMENTUM WAS CONTINUING TO THE DOWNSIDE