FX:AUDUSD   Australian Dollar/U.S. Dollar
63 0 1
Bullish Engulfing & Bull Flagging
- need to close the day on the high in order to have more gains
- need follow up buying on the next candle
- need to break out from this flag with a strong candle
- daily price to close above 50 and 100 ma will be very positive

AB - CD if bull flag is valid.
Enter @ 0.7820
Stop @ 0.7750 (risk 70)
Target 1 @ 0.79300 (resistance zone)
Target 2 @ 0.8030 (reward 210) this is also the 76.4% Fib
(Raise stop to breakeven once we are above the 50% Fib)

Invalidated if:
- USD bull return
- If price fail to close above 100 dma after entry
Ideas Scripts Chart
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