AUDUSD Buy Idea
Pair is trading inside a daily range, and price is at the moment near the bottom of this range.
There was a H4 cycle that completed itself, and we can now expect a bullish move.
My buy plan is as follows:
1. Wait for a breakout above the H1 range.
2. Let the price correct a bit (38,2% fibonacci retracement)
3. Go long
Protection below the H1 range.
NOTE - if price breaks below the H1 range before we get triggered, remove this setup.
There was a H4 cycle that completed itself, and we can now expect a bullish move.
My buy plan is as follows:
1. Wait for a breakout above the H1 range.
2. Let the price correct a bit (38,2% fibonacci retracement)
3. Go long
Protection below the H1 range.
NOTE - if price breaks below the H1 range before we get triggered, remove this setup.
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