✅ Market Snapshot:
Pair: AUDUSD
Timeframe: 1 Hour
Direction: Short-Term Bullish
Signal: Bullish Divergence – Lower lows on price, higher lows on RSI/MACD
Bias: Reversal or retracement likely from recent bearish leg
🔍 Technical Confluence:
Divergence confirms slowing bearish momentum
Price reacting from an intraday support zone or demand area
Candle Structure: Early signs of bullish pressure – e.g. doji, bullish engulfing
📈 Trade Plan – LONG Setup
Entry:
On confirmation candle after divergence
Or breakout of a micro-resistance on 1H timeframe
Stop Loss:
Below the recent swing low (beneath divergence)
Take Profit:
TP1: Previous structure high on 1H
TP2: Near 0.618 Fibonacci retracement of last bearish move
Risk-to-Reward: Aim for 1:1.5 or 1:2
⚠️ Things to Watch:
USD news events that may increase volatility
If price makes another lower low without divergence, setup may weaken
Best paired with a break of trendline or order block confirmation
Pair: AUDUSD
Timeframe: 1 Hour
Direction: Short-Term Bullish
Signal: Bullish Divergence – Lower lows on price, higher lows on RSI/MACD
Bias: Reversal or retracement likely from recent bearish leg
🔍 Technical Confluence:
Divergence confirms slowing bearish momentum
Price reacting from an intraday support zone or demand area
Candle Structure: Early signs of bullish pressure – e.g. doji, bullish engulfing
📈 Trade Plan – LONG Setup
Entry:
On confirmation candle after divergence
Or breakout of a micro-resistance on 1H timeframe
Stop Loss:
Below the recent swing low (beneath divergence)
Take Profit:
TP1: Previous structure high on 1H
TP2: Near 0.618 Fibonacci retracement of last bearish move
Risk-to-Reward: Aim for 1:1.5 or 1:2
⚠️ Things to Watch:
USD news events that may increase volatility
If price makes another lower low without divergence, setup may weaken
Best paired with a break of trendline or order block confirmation
Trade active
TP 1. DoneTrade closed: target reached
Both TP hit
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.
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.