AUDUSD is currently correcting within a BULLISH TREND so we are looking at a continuation around the LB . (Reason -Structure, H4 & D1 Bullish , SUITE B, Ema Cloud)
// #1 ENTRY (Risk Entry, Good Reward) // -: Wait for DXY for reach UB then we will be ready to attack this USD pair around the PREV LOW/ LB. Also, IF AU will do this, we need to add EURAUD to the list, AU goes UP, EA goes DOWN, happens 80% of the time. (A stone for TWO Birds... )
// #2 Entry (Confirmed Entry, Minimal Reward) // -: Wait for the SH (Stop Hunt) of the PL (Prev Low) and buy on the close back above BL (Baseline)
// INVALIDATION //
On #1, Entry 40-50pips SL from where price touches the H4 LB (Our exits are only only on candle close)
On #2 Entry, when price rejects below the BL , the SUITE INDICATORS will print a SL zone on the chart for you, use it.
TARGETS - For me, I am looking at H4 800EMA and Max target as you can see on D1 will be gunning for that D1 200EMA
P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!