FX:AUDUSD   Australian Dollar / U.S. Dollar
3
Why long?
Simple swing trade idea.

1)LH LL HH HL formed. Price broken LH and formed HH and then followed by HL formed above 2 EMA. HH break mean break down trend line as well.Which mean trend change.

2)Price bouncing above previous support zone at around 0.71615 and then formed LH LL HH HL, higher probability to long .

Trade with your own risk.
Happy trading.
Insane_Trader.

Comment:
Price goes up nicely.
Heading to Tp area.

Happy Trading.
Trade active:
Target almost hit.
Trade closed manually:
Manually exit at 0.74870.
Why?
Price having difficulty reaching to TP area.
It's friday and not going to carry trade.
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.