Short term Downtrend line(Channel) break and retest .
At a key support level (also broken above a psychological support level of 0.7000)
index analysis - DXY is overextended , forming a shooting star last friday and might retrace back (Bear Bias) and AUD is near a support level ( but neutral )
candlestick confirmation - Bullish engulfing
entry on 1hr tf
At a key support level (also broken above a psychological support level of 0.7000)
index analysis - DXY is overextended , forming a shooting star last friday and might retrace back (Bear Bias) and AUD is near a support level ( but neutral )
candlestick confirmation - Bullish engulfing
entry on 1hr tf
Note
Trade closed manually . The indices aren't aligned.Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.