AUDUSD Long *INTRADAY TREND FOLLOW*

AUDUSD long position now entered. My intraday position is to take this long trade up to new 4hr higher highs at 0.69800.

Nice support zone at this level, bullish trendline, higher low and fib 0.618 level.

Stop Loss - below 0.786 fib & bullish TL
TP - New higher high @ -0.27 fib extension

Trade active:

Entry @ 0.68500

Comment:

Nice bounce off the bullish trendline and support zone. I have now moved my SL to entry price and will hold this trade to new higher highs at 0.69800

Trade closed: target reached:

Profit target hit.