AUDUSD BUY: Daily & 4HR Breakdown
AUDUSD Daily:
• Yesterday was a very bearish day with price breaking through 0.7150 monthly level.
• Price found support at 0.7100 4hr level + Daily Order Block.
• From here I do expect price to make a move to the upside to retest 0.7150 monthly and beyond.
AUDUSD 1hr:
• Price Found support at 0.7078 forming a double bottom reversal pattern.
• Price since then rallied up to 0.7150. I do now expect price to pullback to yellow box region (neckline of double bottom).
• Long positions to daily order block to upside about 30-40 pips.
Order cancelled:
No entry as levels didnt hold