Plenty of confluence on AUD/USD, looking long
Updated
I am a little late with my entry however can still find a satisfactory R:R on this trade.
Factors that are persuading me to enter long are:
-Trading above 200 day ema
-Price formed a double bottom into a previous level of structure that sits in conjunction with the 0.618 fib retracement from previous swing low.
-Recent bullish engulfing candle after bears weakened
Factors that are persuading me to enter long are:
-Trading above 200 day ema
-Price formed a double bottom into a previous level of structure that sits in conjunction with the 0.618 fib retracement from previous swing low.
-Recent bullish engulfing candle after bears weakened
Trade closed: stop reached
Taken out by wick on 2nd nov
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