Multi Timeframe analysis of AUDUSD(long setup on 1H)

My long setup idea is based on the daily TF. Price around the bottom area of a range in the context of bullish uptrend.

Trading TF is 60m. I'll look for long setup once the downtrend line being taken out. Until then, I do nothing.

Pay attention to DXY.

تعليق:

now, price hit the daily zone and in the 1H chart, price got some reaction to the zone, watch out the new yellow zone, once broken, look for long setups.

تعليق:

As I expected, price violated the downtrend line as well as the control low. A perfect pullback long setup opportunity.

تعليق:

Yesterday's pullback trade is a 1-to-2 trade. Now, trend continues that creates another opportunity to jump in as marked in the chart

تعليق:

our patience finally pays off!

تعليق:

Trend continues with repeated pattern