AUDUSD ascending channel
Updated
AUDUSD in a very juicy, parallel channel. Buy at the the lower trendline. You can also try to sell at upper one, however keep in mind that we are in ascending channel and every bounce of top can be smaller or the price can stick to it and get you in a bear trap. Have a great trading week! Respect the Moving Averages (100 and 200 bar on 1h, 4h and daily charts). WATCH FOR CHANNEL BREAKS.
Note
We habe broken the lower trendine. If we want to go short we need to close below the line and below the 200 bar 1 hour Moving Averages.
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