AUDUSD - LONG SETUP on D1
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Looking to enter LONG on AUDUSD using Swing Reversal / Early Trend Following.
Price has broken the downtrend as shown on the trendline break and now on the early uptrend.
Price retested the 20 SMA which is the entry filter and closed with very strong upward momentum on the previous daily candle.
The retest also happened within the 38.2 Fibonacci level.
Will enter at the 50% level of the momentum candle with TP and SL marked on the chart.
Price has broken the downtrend as shown on the trendline break and now on the early uptrend.
Price retested the 20 SMA which is the entry filter and closed with very strong upward momentum on the previous daily candle.
The retest also happened within the 38.2 Fibonacci level.
Will enter at the 50% level of the momentum candle with TP and SL marked on the chart.
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