Hi traders,
Our bias on AUDUSD is long, as we believe pair has established double bottom on 0.76 level (both swing lows are on the same level), this offers potencial for long trade, however one needs to be careful here with multiple bearish candles with longer wicks. So we will trade this as breakout trade, placing buy stop order at 0.77120 with stoploss below swing lows 0.75960 and targeting 0.80 level (stronger resistance, orange box).
Happy trading,
TrendScalpingEA team
www.trendscalp.com
Our bias on AUDUSD is long, as we believe pair has established double bottom on 0.76 level (both swing lows are on the same level), this offers potencial for long trade, however one needs to be careful here with multiple bearish candles with longer wicks. So we will trade this as breakout trade, placing buy stop order at 0.77120 with stoploss below swing lows 0.75960 and targeting 0.80 level (stronger resistance, orange box).
Happy trading,
TrendScalpingEA team
www.trendscalp.com