Posted my AUDUSD WEEKLY chart last week and how i was looking for longs as the higher time frame was still bullish. And this week gave a good 1:3RR trade which i took. Price action is still bullish to me so i am looking for longs going into the next trading week.
Here on this 4HR chart you can see price was in a bit of consolidation before breaking out to the upside. Price has then pulled back and retested the consolidation prior resistance turned support and rejected it. From here I am anticiapting price to make higher highs and reach the price target of 0.7840, before going on to reach 0.8000 (which is the high of the counter trend line break).
Here on this 4HR chart you can see price was in a bit of consolidation before breaking out to the upside. Price has then pulled back and retested the consolidation prior resistance turned support and rejected it. From here I am anticiapting price to make higher highs and reach the price target of 0.7840, before going on to reach 0.8000 (which is the high of the counter trend line break).