ryans2091

AUDUSD 4Hr/1Hr/15m Analysis

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD has broken out of its range to the upside on the 4-Hour chart. It is currently in a drop-base-drop on the 4-hour so looking for confirmation short (removal of demand zones on the 1hr) to take short back down to .6861. In this particular trade there are two levels on top of each other on the 1-hour, therefore I am taking the further, more conservative entry at the extreme level to take long.
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