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AUD/USD Potential Upward Movement

AUD/USD Long-Term Trend: Bullish

Key Resistance Levels: 0.72255, 0.73115, 0.74000.

Key Support Levels: 0.72262, 0.71360, 0.71000.

Daily Chart:

The price on the higher time frame failed to break the strong daily support around the 0.72262 USD mark and reversed higher leaving a fake breakout behind. We expect the market to move upward toward the next key level 0.73115 USD.

AUD/USD Medium-Term Trend: Bullish

4-Hour Chart:

On the lower time frame, the pair posted a double bottom formation which shows that the buyers managed to reverse the price and move it to the upside. We expect a lower correction to the 0.72262 zone before a new impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 0.72273

TP 1 @ 0.73088

TP 2 @ 0.73115

Stop Loss @ 0.71883

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

9 comments

  1. Hi, I am in California, pacific time, is there any way I can follow your signals? 🙂

  2. it was to late,did not get a pullback,wait for monday

  3. Wow I just made over $500 as a beginner trader in my second day.
    Thanks man you are truely amazing.
    Master of genius

  4. Great. I want to test this signal and then jump on to join you full time

  5. We need crypto signals too sir

  6. should this signal be ignored if the currency price is already past the entry price? Tks

    • Hello Richard,

      No not at all just use the buy limit order. we expect the market to pullback or retrace before the big move.

      Hope this answer helped you.

      Have a happy trading.

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