AUDUSD H4 Setup

٢٦ مارس ٢٠٢٠

HL points are starting to form, which means that buyers are exponentially bringing the price up. Currently AUD is on a third trendline bounce, a support, and a 38.2 Fib on the 4 hour timeframe. By using candle stick analysis we also see that sellers in aud are currently getting exhausted. We are aiming for a target of 0.61745. Wait for a HL point on m30 with an engulfing, and up we go.