Get started
Tempo_Trades

AUD/USD - Bullish Divergence - Bullish Trend Reversal

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Tempo_Trades  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Oscillators AUDUSD audusdlong aususdtrade audusdanalysis Contains image
1
0
trendanalysis chartpattern oscillator audusd audusdlong aususdtrade audusdanalysis containsimage

Overview
AUDUSD was in a bearish trend. However, bullish divergence was formed and price formed a higher high followed by a higher low!

Analysis & Plan
After formation of bullish divergence on AUDUSD , price formed a higher high followed by a higher low. This is a strong indication of formation and continuation of a bullish trend. We enter a long position on break of HH and expecting price to continue the bullish trend!
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.