AUDUSD could be a good buy if it bounces on 240 m trendline
Buying on trendline, but being careful with a tight sl and taking profit at approx 0.72 resistance.
TP 0.72
Sl 0.7140
TP 0.72
Sl 0.7140
Note
Seems like the price is reacting to another trendline just below, it looks like this on the 1h:My entry was a little too early, but if this line holds we're good with our long position.
Crossing this last 1h trendline clearly invalidates the trade
SL is still at 0.7140
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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.