TheSignalyst

AUDUSD - Wait For The Trigger 🏹

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Hello TradingView Family / Fellow Traders,

On Daily: Left Chart
AUDUSD has been bearish but it is currently approaching a robust support zone so we will be looking for buy setups on lower timeframes.

On H1: Right Chart
πŸ“ˆ For the bulls to take over, we need a momentum candle close below above the neckline highlighted in gray.

πŸ“‰ Meanwhile, AUDUSD would be bearish short-term and can still trade lower inside the daily support.

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

This analysis is done using RichTL
www.RichTL.com

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