SWING IDEA ⭐️Daily: what we can find here is a clear sequence of lower highs. What we can also notice is that buyers are taking force in the last days (big candles) so, what we can expect, is a possible trend inversion and a possibile continuation to the upside. A double bottom can validate this idea. LH-LH.
⭐️H4: here, the sequence of lower highs has been interrupted by a strong bullish movement that breaks the bearish trendline and the previous highs. This can be considered another sign for the growing of bull power. What I am looking for is a retest of the middle key level (1.54000) that also meet the base of the last RallyBaseRally movement, the trendline and the 61,8% Fibonacci’s retracement.
⭐️H1 here what we should do is wait for the price to arrive in the zone and valutate the momentum and other confirmations for the entry. AUD is enough weak this week so a long for this pair is possible. NEWS TO CHECK:
🐂11:00pm AUD Flash Manufacturing PMI
AUD Flash Services PMI 🙏🏼 Namasté