AUDUSD: Daily Loooong Term Buy

FX:AUDUSD   Australian Dollar / U.S. Dollar
Whats up guys,
we are looking at the AUDUSD pair for a real long term buy. On the Daily chart we see two correction waves marked as yellow boxes. On the downside there is a divergence formed and price strongly retraced from the lowest point with a huge bullish daily candle. I just traded this two weeks ago but got stopped out. Now we are in a much better shape right now with these candlesticks patterns down there. We are waiting for a lower timer frame confirmation for a good entry. Price should at least go up to the 0.5 fib level.
Tomorrow i will upload a lower time frame update on this one, were we can clearly see how the pattern work on different time frames hand in hand.
Stay tuned...
Oct 04
Trade closed: stop reached: Trade moved against its structure. SL hit
Dec 07
Comment: Updated
I agree with your idea!
@FXTM, yes sir just uploading a lower time frame analysis.
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