👩🏽💻Technical: Currently, the monthly chart is developing a strong bullish engulfing pattern & the weekly chart is indicating some really promising bullishness as well. This setup has the potential to reach around 100 pips - which is where the previous daily high zone is.
🎯 For an ideal entry: Push > exhaustion, especially if the price makes a new high on the 4-hour + bullish engulfing closure and targets the daily high. GDP for AUD is late at night, so keep that in mind as well.
🎯 For an ideal entry: Push > exhaustion, especially if the price makes a new high on the 4-hour + bullish engulfing closure and targets the daily high. GDP for AUD is late at night, so keep that in mind as well.
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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.