UnknownUnicorn772665

AUDUSD Long Trade *TREND CONTINUATION*

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Aussie Dollar is making nice bullish waves on the 4hr and daily timeframe . I am looking to capitalise on this and enter another long position on the nexxt higher low that forms.

I have a few confluences to look for.

1 - previous support/resistance zone on the last highs (coloured box)
2- Bullish trendline
3- Fib retracement levels (0.618 is in the coloured box support zone )

Entry upon rejections of the fib 0.618 and support zone or the fib 0.786 level and trendline.
Trade active: Entry price of 0.68500
Comment: Bullish trendline and intraday support zone held strong. Looking for 0.69800 profit target next
Trade closed: target reached: Profit target at 0.69800 reached :)