AUD-USD 1h trade setup
Updated
AUD-USD is moving in sideways pattern in HTF where we are aiming to buy on lows and sell on highs
on 1h time frame
there are few key areas to lookout
LTF Demand Zone 0.65190 to 0.64970
LTF Supply Zone 67395 to 67140
Pullback Area 0.66030 - 0.66320
we also have bullish divergence on RSI indicator
we can use pullback area as Target 1 and LTF supply zone as Target 2
or simply use trailing stop loss based on the trading style
on 1h time frame
there are few key areas to lookout
LTF Demand Zone 0.65190 to 0.64970
LTF Supply Zone 67395 to 67140
Pullback Area 0.66030 - 0.66320
we also have bullish divergence on RSI indicator
we can use pullback area as Target 1 and LTF supply zone as Target 2
or simply use trailing stop loss based on the trading style
Comment
plans didnt work as pre planned price made right pullback and dive deep towards htf demand zone for more buying liquidity
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