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Malika_Analysis

AUDUSD FOR THE BULLS AFTER THE PULLBACK?

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Malika_Analysis  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators audusdlong audusdforecast audusdshort AUDUSD audusdsignal DXY audusdanalysis audusdbuy audusdbullish
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trendanalysis chartpattern indicator audusdlong audusdforecast audusdshort audusd audusdsignal dxy audusdanalysis audusdbuy audusdbullish
We have seen price rally bullish and we may see price continue after price finishes what i see as a retracement. I have marked the grey line at 50% fib retracement and we see price is also creating bullish divergence.

Grey line - Entry
Red line - SL
Green line - TP
Risk exposure - 1%
Risk to reward - 1:2

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