AUDUSD has been on a bullish swing for the past few weeks and the bullish order flow does not seem to die down any sooner. My weekly expansion is bullish thus, a bullish narrative would be framed on the daily time frame and hour time frame.
A market structure shift can be seen on the 4 hour time frame and a consolidation after an expansion is expected to take out th previous weeks high. A potential 130 pips swing is expected.
A market structure shift can be seen on the 4 hour time frame and a consolidation after an expansion is expected to take out th previous weeks high. A potential 130 pips swing is expected.
Trade closed: target reached:
The target objective has been met and surpassed. This presented a 1:3.6 opportunity.
