AUDUSD has exploded to the upside because of weak US data.
The daily+4H structure is clearly bullish.
The resistances has been broken.
In bullish trend we buy. But we buy in favorable and discount price which can be a retest of former reistance as support with confluence to some Fib retracement
level.
The daily+4H structure is clearly bullish.
The resistances has been broken.
In bullish trend we buy. But we buy in favorable and discount price which can be a retest of former reistance as support with confluence to some Fib retracement
level.
Trade closed: target reached:
+67 pips