AUDUSD Bullish
Bias Bullish
Fundamental Analysis
USD cut 50 basis point, going towards soft landing.
AUD has good job reports and expect to keep interest rate.
Price Action:
Price formed a higher hi, price is like to head higher. Price rejected from H4 support level and formed a triple bottom pattern at the H4 support level. Price break through the resistance of the pattern and closed higher. expecting price to go higher.
Confluence:
Higher TF (W/D/H4) - Support level rejection from H4
Lower TF (H1/M30/M15) - h1 broken resistance, triple bottom pattern. H1 doji candle at support level.
Set up:
Long setup at broken H1 resistance level. SL below swing low of that level. Targeting next swing high R:R 1:4
Fundamental Analysis
USD cut 50 basis point, going towards soft landing.
AUD has good job reports and expect to keep interest rate.
Price Action:
Price formed a higher hi, price is like to head higher. Price rejected from H4 support level and formed a triple bottom pattern at the H4 support level. Price break through the resistance of the pattern and closed higher. expecting price to go higher.
Confluence:
Higher TF (W/D/H4) - Support level rejection from H4
Lower TF (H1/M30/M15) - h1 broken resistance, triple bottom pattern. H1 doji candle at support level.
Set up:
Long setup at broken H1 resistance level. SL below swing low of that level. Targeting next swing high R:R 1:4
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