AUDUSD Potential Long Signal

FX:AUDUSD   Australian Dollar / U.S. Dollar
With AUDUSD             being in a strong bullish uptrend since the start of 2016 we are only looking to play this pair to the upside. In order for us to get a signal to go long on this pair we will need to see price action break above and close above the current trend-line resistance on the hourly chart with confluence from our price action forecasting algorithm predicting a move higher with a percentage of 85% or higher. In addition, we would also like to see the retail sentiment move to -1.50% or more as it is currently sitting at -1.48%. If all three of these conditions come into play we will get a very probably opportunity to go long on AUDUSD             so make sure you are following for updates.

The current prediction of our algorithm is a strong move to the upside once it breaks out of the trend-line resistance, which can be seen in the image linked below, but it is only giving off a 47% chance of this move happening so we are not holding too much weight in it. Since we are on the hourly chart our algorithm will update and potentially give us a new forecasting prediction every hour on the hour. Therefore, with that being said, we will monitor this set up and announce if we are taking the position long.


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Comment: Updated:
Where will your SL be?
It will likely be under the most recent swing low. Remember this is still a potential signal we will update if it turns into an executed trade, so make sure you are following to receive the updates.
+1 Reply
SkyrEk FeroxWealth
Thanks mate!
Welcome back ! dude . Whole of last week you were absent !!!
FeroxWealth waterman
Thank you man!
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