Hey everyone and welcome to this new trading idea!
We are looking at the 4h timeframe AUDUSD chart. Price did form a bottom low and pushed up on Friday. The mentioned bottom is also a monthly low, which i will mark up in the comment section below. From this perspective i bought in the bottom area on the monthly bases.
I am looking for huge swings to the upside, as this week the monthly candle closes. Another confirmation for a bullish trend is the DXY on a major resistance and AUDUSD broke our 4h time frame trend line.
Wishing everyone success in this upcoming trading week and comment below your ideas about this pair!
We are looking at the 4h timeframe AUDUSD chart. Price did form a bottom low and pushed up on Friday. The mentioned bottom is also a monthly low, which i will mark up in the comment section below. From this perspective i bought in the bottom area on the monthly bases.
I am looking for huge swings to the upside, as this week the monthly candle closes. Another confirmation for a bullish trend is the DXY on a major resistance and AUDUSD broke our 4h time frame trend line.
Wishing everyone success in this upcoming trading week and comment below your ideas about this pair!
Trade active:
Price is in consolidation mode. Monthly candle closes tomorrow. A lot of support in this area.
Comment:
Patience is key! Price broke consolidation and is now on its way up.
Trade active:
Boom! Price is on its way higher!