TheSignalyst

AUDUSD - Potential Bullish Reversal!

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

AUDUSD is sitting around daily support in blue so we will be looking for buy setups on lower timeframes.

on H1: AUDUSD is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, AUDUSD would be overall bearish can still trade lower inside the blue support before going up, or even break it downward.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
https://www.RichTL.com

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