FX:AUDUSD   Australian Dollar / U.S. Dollar
There are a few factors that come together on this pair. I note my points below that draws my attention to the bulls.

1. Down-trend structure changed to HH and HL
2. Breakout of bullish flag pattern
3. Pullback to Fibonacci zone
4. Bullish engulfing bar completed (See D1 as well for another engulfing bar)

For this type of setup the stops are best placed below the engulfing bar where the trade setup is deemed invalid. The target should be at least 2x the risk, there is potential for further up-side...

Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.

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