If you check out our previous AUDUSD long idea above where we go over the overall market direction and potential upside targets, you will see that this is clearly a shot of that same analysis but on the hourly chart rather than the daily. Within this upward swing we can see this potential intraday long setup forming. You can see that the price action has formed a very nice pattern and has since then broke out to the upside. Since breaking out, price action has retraced a bit and seems to be making a moe to the outside apex of the two that made up the . We will be looking to get long here at around .74550 if the opportunity presents itself and ride it up to at least the previous top around .75250. The final target for this trade would be somewhere just below the .76000 even figure at around .75800.
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