pips-fx

AUDUSD 4H Analysis

Long
pips-fx Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Haven't posted in a while, I've been testing a different trading strategy which you'll be noticing in the ideas that I'll be sharing moving forward.

Price is in a clear uptrend, currently in an area of value as price touches the 200MA. Oversold on Stochastic and with several rejection wicks could mean the end of the price's pullback.

Like the idea if you agree and leave a comment if you have a different view, feedback is always appreciated. Hope you find this helpful.
Trade active:
Broken daily resistance. Overbought on Stochastic so price could come back for a retest prior shooting back up. Moving SL to entry to make this a risk free trade.
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.