Signal for buy : 1. weekly support in 0.712-0.715 2. Head and shoulder pattern 3. bullish pinbar in the right shoulder 4. 62% retracement of last bullish wave
Buy = 0.715 SL = 0.7125 TP1 = 0.7215 TP2 = 0.728
Comment
⋅
this is our chance to trade.
Today is and important day for AUD in the economic calendar.
Comment
⋅
First target hit. closed half and move the stop loss to entry (breakeven).
I agree with your bullish view on AUDUSD. Our trading signal idea is also of the same bias. We have identified a bullish breakout of its descending resistance-turned-support line. If it surpasses its upcoming resistance at 0.7227 (50%, 23.6% Fibonacci retracement, 61.8% Fibonacci extension), if would further confirm our bullish bias.