AUD/USD 1H Chart Analysis – Bullish Setup
🔹 Trend & Structure:
Price formed a Higher High (HH) on July 24, followed by a strong downtrend inside a descending channel.
A Higher Low (HL) formed on July 31, suggesting possible bullish reversal.
🔹 Channel & Breakout:
Price has broken above the descending channel resistance, signaling a bullish breakout.
The breakout aligns with a retest of the 0.64537–0.64759 key support zone (blue area), now acting as demand.
🔹 EMA Strategy:
The price is above the 70-period EMA (0.64642), confirming bullish momentum.
🔹 Target Projection:
The measured move shows a target at 0.65855, representing a 1.70% upside (110.3 pips).
The breakout retest provides an entry with stop below 0.64500 for a favorable risk/reward.
🔹 Strategies Applied:
✅ Trend Reversal – HH & HL structure indicates a bullish trend change.
✅ Channel Breakout – Exit from descending channel confirms bullish momentum.
✅ Support/Resistance Flip – Key support zone aligns with the entry area.
✅ EMA Confirmation – Price above EMA supports long positions.
✅ Measured Target – Projection to 0.65855 sets a clear objective.
Summary:
Bullish momentum confirmed by breakout and support retest. Entry above 0.6475 targets 0.6585 for a potential 110+ pips gain.
🔹 Trend & Structure:
Price formed a Higher High (HH) on July 24, followed by a strong downtrend inside a descending channel.
A Higher Low (HL) formed on July 31, suggesting possible bullish reversal.
🔹 Channel & Breakout:
Price has broken above the descending channel resistance, signaling a bullish breakout.
The breakout aligns with a retest of the 0.64537–0.64759 key support zone (blue area), now acting as demand.
🔹 EMA Strategy:
The price is above the 70-period EMA (0.64642), confirming bullish momentum.
🔹 Target Projection:
The measured move shows a target at 0.65855, representing a 1.70% upside (110.3 pips).
The breakout retest provides an entry with stop below 0.64500 for a favorable risk/reward.
🔹 Strategies Applied:
✅ Trend Reversal – HH & HL structure indicates a bullish trend change.
✅ Channel Breakout – Exit from descending channel confirms bullish momentum.
✅ Support/Resistance Flip – Key support zone aligns with the entry area.
✅ EMA Confirmation – Price above EMA supports long positions.
✅ Measured Target – Projection to 0.65855 sets a clear objective.
Summary:
Bullish momentum confirmed by breakout and support retest. Entry above 0.6475 targets 0.6585 for a potential 110+ pips gain.
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join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
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t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
Related publications
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.