Ace Trading Academy - AUDUSD Precise Trading Plan

AUDUSD is currently at a deciding point. The price has been bouncing from the .72000 to .73000 major points. It has recently pushed down from the .73000 back to .72000 and is now rising back towards .73000. As of right now we want to see an hourly candle close above the support zone and show confirmation towards the upside. Shown on the chart there is a 1 hour breakthrough zone marked out, we want to see price breakthrough that point and that will be confirmation for a buy going up.

If price doesn't close above the support zone its at right now we could see a retest to the retest zone shown on the chart or a retest back to .72000 then a bounce up from there.

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We have now seen AU hit the retest area and bounce up from that point and has now broke through the 1 Hr breakthrough zone. Want to see a retest of that zone and push up from there to TP 1. Happy Money Making!

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