AUDUSD is setting up for breakout. If you have seen our weekly chart on AUDUSD then i am sure you know that what we are looking for on AUDUSD for longer term. We are longer term buyers on AUDUSD. AUDUSD is forming very nice breakout setups on this time frame with good short term and longer term potential.
Lets come to the point rather the the long story.
How you can trade on this AUDUSD chart.
1. SIMPLE watch for the breakout and look for buy.
or
2. Wait for the price to form a bigger correction then look for buy.
NOTE: The bigger the correction the higher the potential gonna be on this time frame chart.