AUDUSD BULLISH ON 1HR....
Bullish sentiment appears to be prevailing for AUDUSD on the 1-hour time frame. A notable divergence has formed, coupled with a break of its previous lower high (LH) and the establishment of higher highs (HHs). Currently positioned at the precise 0.5 Fibonacci level, the currency pair has exhibited a retracement from this point, indicating potential formation of a new higher low (HL).
My Trade Plan.
Entry Point: CPM
Stop Loss: 0.65064
TP1: 0.65673
TP2: 0.65982
Bullish sentiment appears to be prevailing for AUDUSD on the 1-hour time frame. A notable divergence has formed, coupled with a break of its previous lower high (LH) and the establishment of higher highs (HHs). Currently positioned at the precise 0.5 Fibonacci level, the currency pair has exhibited a retracement from this point, indicating potential formation of a new higher low (HL).
My Trade Plan.
Entry Point: CPM
Stop Loss: 0.65064
TP1: 0.65673
TP2: 0.65982