Hey guys,
as mentioned in the last idea, i just wanted to give you a guys a lower timeframe analysis update on AUDUSD for a good entry. You know we are bullish on the daily so we are looking for a good entry point on lower time frames like 4h. Price is moving sideways since Friday on the 0.5 fib level. I really like to enter between the 0.5 - 0.61 level with stops under the lowest low. Another confirmation is that on the daily price formed a head and shoulders pattern at this level.
Wish you guys a nice trade.
as mentioned in the last idea, i just wanted to give you a guys a lower timeframe analysis update on AUDUSD for a good entry. You know we are bullish on the daily so we are looking for a good entry point on lower time frames like 4h. Price is moving sideways since Friday on the 0.5 fib level. I really like to enter between the 0.5 - 0.61 level with stops under the lowest low. Another confirmation is that on the daily price formed a head and shoulders pattern at this level.
Wish you guys a nice trade.
Trade closed manually:
Trade move against its structure. SL hit
Comment:
Updated
