A regular bullish divergence was formed on AUDUSD H1 TF between January 01- January 7 2022 signifying price moving to the upside is imminent. The price form a lower low (LL) while the Indicator (RSI) was making a higher low (HL). Also on the H1 TF, it seems a new uptrend is forming gradually and the prior downtrend has ended. A break above 0.71832 (recent resistance) will confirm that the pair is in uptrend.
Trade closed: target reached
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our TP at 0.72632 has bit reached. trade is succesfully closed