A bullish countertrend pattern for the AUDUSD

After a bearish run momentum turns bullish and I expect price to go up to the Monthly resistance level of 0.75150

Trade ist aktiv:

Moment of entry is now! Price made a Higher Low today. So now we have two points for a trendline.

Trade ist aktiv:

Price is in a small down trend because of a strong dollar today. On the 1h chart you can draw a trend line. When the trend line down breaks price has to make a Higher High. Hopefully it will break the big trend line down from begin June as well tomorrow.

Trade geschlossen: Stop wurde erreicht:

Price declined further and made a Lower Low on the 4h chart. If price doesn't break the support level of 0.73400 we can still see a move up to 0.75150. Let's wait and see!