audusd h4 accumulation best level buy hold tp 6950

🔸Hello traders, let's review the 4 hour chart for AUDUSD today. Currently trading
in well defined range, since March 2023. Right now trading near range highs, so overall
expecting pullback as the risk/reward shifts in bears favor short-term

🔸Active trading range is defined by range highs near 6750 and range lows near 6650,
so the trading range is 100 pips wide. trading inside range is not worth the risk atm.
pullback expected short-term and bulls should stay on sidelines until we hit the lows.

🔸Recommended strategy for AUDUSD swing trade setup: Bulls focus on buying low
near premium prices, best entry near 6650 and stop loss below premium prices.
TP1 bulls is +100 pips TP2 bulls is +200 pips, conservative targets based on latest
price swings in AUDUSD recently.

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تعليق:

pullback in progress currently stay out