Get started
Elemont

AUDUSD BULLISH CORRECTION SETUP

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Elemont  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis AUDUSD aud USD Forex trade trading signal
1
0
trendanalysis chartpattern waveanalysis audusd aud usd forex trade trading signal
AUDUSD has been selling off for the past few weeks, however we see bullish divergence in the MACD for a potential corrective wave up.
Price is making lower lows and MACD is making higher lows. This signals that bears are losing momentum and bulls will be able to steal momentum for a period.

Entry @ ~0.7200

TP:
1. 0.7240
2. 0.7285
3. 0.7310

SL:
0.71630
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.