Bounce of strong support

FX:AUDUSD   Australian Dollar/U.S. Dollar
AUDUSD             broke out of its consolidation area around the large support that was previously resistance.
We are now heading higher and if today closes higher, at least current levels and more, more bullish action can be seen till at least 0.7475 region. RSI and Stoch is well directed and not overbought on H4 and Daily.

It can be a bumpy ride though.

A move back down and especially a break of the trend line would give way to sub 0.7 region.
Comment: The major trend line held but price did make a dip a bit lower than the recommended STP.
I personally didn't do this trade (directly, I trade(d) GBPAUD) but I'd probably not have my trade closed (and thus STP set) till I was certain price cleanly broke 0.7215, which it didn't.

Apologies to those that entered this and had the same stop and thus got stopped out.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out