AUDUSD Daily Buy - trendline broken, consolidating for bullish

Mar 19, 2023

Last week, the major trendline of AUDUSD was broken, and it has since entered a consolidation phase while attempting to form a higher low bullish wave. If a 15m bullish candle accumulates, it could provide a daily entry opportunity during the Tokyo session. Alternatively, if selling pressures are detected at market open, we can wait for AUDUSD to retest the previous low and a major rejection signal before considering it as a golden entry opportunity for this week.

Mar 21, 2023

Trade active

Mar 23, 2023

Note

Although it was running smoothly, I closed the trade at the entry due to the market being too volatile, 0% gain.