Took this on the 4 hour chart with an oversold confirmation
This is an update on the position
We have been moving well due to an impulsive move down , price is now consolidating on the long term and forming a . We are up about 40 pips.
This could be another opportunity to enter/ add to positions
* Be wary of AUD interest rate decisions tonight
Whispers are of the RBA to potentially attempt further easing down the line in the relatively near future
Could make for good longer term holds , especially on AUD/USD pairs with the FED looking to raise rates at some point
We have broken the trend line now, hopefully we get a close below it.