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Bruce1_1Wayne

AUDUSD - Possible Long Position

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Bruce1_1Wayne  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD ascendingwedg uptrend 50ema-retest Fibonacci Retracement priceaction
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trendanalysis chartpattern indicator audusd ascendingwedg uptrend 50ema-retest fibonacciretracement priceaction
Please give me some feedback and let me know what you think.

Multi time frame Analysis

1D time frame price is in a Strong Uptrend giving a Long Bias
4H time frame price is trading in a Ascending Wedge and in a immediate Uptrend giving a Long Bias
1H time frame price is in a Uptrend respecting Trendline and 26EMA giving a Long Bias

Setup and Entry

Wait for price to retrace back to 0.50 - 0.168 Fib zone and bounce off 26EMA to go Long
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