amanpaulbhogal
Long

AUD/USD 4 hour chart Long set up

FX:AUDUSD   Australian Dollar / U.S. Dollar
Criteria for long position:

- new up trend on 4 hour time frame (successive HHs             and HLs             )
- low test bar
- 8 ema support
- horizontal support at ~0.7245
- 38.2% Fibonacci retracement
- Stochastic convergence

entry - above high of low test bar
stop loss s- below low of low test bar
target - 127.2% Fibonacci extension or higher
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