AUDUSD Bull

bigbax699

Recruit
Messages
35
TP HIT - Audusd has seen some great bullish movement lately. our last position has hit TP for us to return a nice 250+ pips. Unexpectedly price has broke out of the top of the channel. Wether it will stay above there is the next question. I think its possible we could see a significant pullback from here before the next push. Ive marked out my circled areas of interest if we get a pullback. Or if we stay above. Enjoy those pips see you for the next one GLIYF
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bigbax699

Recruit
Messages
35
Well AUDUSD has certainly surprised us since the crash from the pandemic struck. Its been one of the first to rebound back with strength. We have since seen price breakout from that long term downtrend channel . suggesting to me further upside momentum. We reached the projection box that i previously drew out. i think we could see a small pullback around here before making another move to the upside to the next major resistance level . Buy on pullbacks is my idea here, ideally retesting the channel break or the fib level. this gives us a nice R:R ratio. GLIYF
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bigbax699

Recruit
Messages
35
New week upon us traders. Checking in on AUDUSD to start the week. We have had a little pullback in price but so far thats all it is. The trend is holding still and the .236 fib level. which has actually correlated with the trend and top of the channel for a multiple confluence trade. If price holds here then i think we could hit our first target of the previous projection. Once we get there make it risk free and hold. Hope everyone has a good week. GLIYF
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bigbax699

Recruit
Messages
35
Been a good few days since i called the buy again on AUDUSD , we have a little dip in price but it didnt hit the stop loss. Seems that multiple confluence zone cirlced held quite well. We are ever so slightly in profit currently so keep holding if you took the trade with me. the 0.70c zone is the one we need to break above to hit our target TP. So as long as trend holds we can keep holding. Remember to move stop loss into break even when your up 50 pips just to minimise risk. hope everyone has a good weekend. GLIYF
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