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...
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...
Trade closed: stop reached:
Trade moved against its structure. SL hit
Comment:
Updated
