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AwesomeAvani
May 1, 2023 4:16 AM

AUDUSD Rising LONG Long

Australian Dollar/U.S. DollarFXCM

Description

On the 4H chart, AUDUSD is rising over the intermediate term volume profile POC and ascending the anchorded

VWAP bands as well; Price rose from undervalued to fair-valued on the VWAP bands.

The Chris Moody RSI indicator flashed a a pair of buy signals and RSI rose over the 50% line.

Another good sign is price is approaching a volume void /gap on the volume profile. Finally

there was a mild volume spike when price reversed from the bottom of the high volume area on

the profile. I am looking for rising price action in the intraday upcoming once both London

and New York sessions are overlapping.

Trade active

AUDUSD had a nice green engulfing bar a 1% pop amplified by 500:1 leverage
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