AUDUSD has been on the move up from .55 at March low. Considering entering with the uptrend on retracement.
Suitable area
1 Retest of horizontal support
2. Trendline support
3. Near the 100 MAV
4. Atleast .382 retracement
1. Enter - around .7025
2. Target - .7450 ( 618 extension)
3. Stop - .6850 ( below monthly pivot)
4. RR = 2 +
Suitable area
1 Retest of horizontal support
2. Trendline support
3. Near the 100 MAV
4. Atleast .382 retracement
1. Enter - around .7025
2. Target - .7450 ( 618 extension)
3. Stop - .6850 ( below monthly pivot)
4. RR = 2 +