cashcow04

AUD/USD - Long (Bounce Idea)

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD has been pretty recked along with NZD this week. Looking for a short term bounce.

1hr on the left, 15m on the right.

15m showing an bullish reversal inverse H&S with RSI confirming the higher RSI' highs.

Also, the FVG was filled at the 78.6% fib.

USD looks a bit stretched so thinking both could take a breather in the next 24-48 hours to play this trade out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.