FullTimeTrader
Long

AUDUSD-strong buying signals

FX:AUDUSD   Australian Dollar/U.S. Dollar
708 1 9
Hello, this pair is giving clear signals of a reversal or deep pullback.
Looking at monthly chart the price is bouncing from the 0.61 fib retracement and trendline support.
We have alson an AB=CD pattern completed.
snapshot


On W1 chart the price is bouncing from a parallel channel , RSI trendline broken and strong bullish divergence . Last candlestick formation was a "morning star".
snapshot


Here on D1 chart:

- AB=CD pattern
- macd bullish divergence
- Rsi trendline broken
- a possible bearish cypher forming
-EW wave 5 completed (not shown)

We can long now and look for selling opportunities at the cypher completion.

The SL is big on D1 chart, so we can look for an entry on H4 timeframe (see below)

Best regards

Possible long setup on H4, i call this "the bullish base"
snapshot
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