AUDUSD PRICE ACTION ! - LONG 0.7775 / 0.7793

FX:AUDUSD   Australian Dollar / U.S. Dollar
56 3
Rounded Bottom against Support /1min chart = reversal - LONG 0.7775 / 0.7793
If price breaks uniformed higher lows, the trade is cancelled
But technically it looks like a nice trade when it breaks out of the channel
vdubus ZenTrader17
I am merely pointing out when trading on higher time charts and price approaches support & resistance levels the 1 min pattern formations give you a heads up as to whether or not price is about to break through. As you can see... price consolidated along the resistance level then broke to the down side. You can save a chunk load of money having only a few pips Sl's when trading higher time charts.
Good pick up. being eyeing this one for a while. Only prob is interest rates in OZ are coming down down still. which will put pressure on the currency. interesting.....
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