AUDUSD LONG
Price Action Day Trading
Daily Bias: Bullish
POI: Price retrace back into H4 support horizontal level and rejected from that. Price went bullish breaking through bearish trendline and H1 resistance level. H1 TF, price formed a double bottom with a strong horizontal level of the neckline.
Setup: H1 Broken neckline set a long trade with SL below double bottom swing low. Targeting next daily swing high with R:R 1:6.
Daily Bias: Bullish
POI: Price retrace back into H4 support horizontal level and rejected from that. Price went bullish breaking through bearish trendline and H1 resistance level. H1 TF, price formed a double bottom with a strong horizontal level of the neckline.
Setup: H1 Broken neckline set a long trade with SL below double bottom swing low. Targeting next daily swing high with R:R 1:6.
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