The Aussie Dollar has been on a significant bear run and is starting to show signs of exhaustion.
Structurally speaking, the daily time frame raising channel is holding, with the lower/support trend-line being tested and forming a higher low.
The four-hour time frame just printed a bullish engulfing candle stick pattern at the test of the trend-line which I used as added confluence for a higher low swing.
Structurally speaking, the daily time frame raising channel is holding, with the lower/support trend-line being tested and forming a higher low.
The four-hour time frame just printed a bullish engulfing candle stick pattern at the test of the trend-line which I used as added confluence for a higher low swing.
Trade active
Trade opened at 0.72787Trade closed: stop reached
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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.