Long: AUD/USD
- Potential double bottom formed on the 1hour chart and a W shaped formed
- 4hour chart indicating a reversal pattern as there is a bullish hammer showing and the trend is sitting on a support line
- volume has driven the 7am candle higher than the previous 2 other 4hour candles showing there is an appetite for bullish market
- 2 TPs set inline with previous price levels
- MACD line crossing signal line showing a potential change in direction
- 4hour chart indicating a reversal pattern as there is a bullish hammer showing and the trend is sitting on a support line
- volume has driven the 7am candle higher than the previous 2 other 4hour candles showing there is an appetite for bullish market
- 2 TPs set inline with previous price levels
- MACD line crossing signal line showing a potential change in direction
Trade closed: target reached
Took slightly longer than expected, but TP1 hitTrade closed: target reached
Hit TP2
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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.