⚜ AUDUSD LONG 350pips

Hello Traders, 🙋‍♂️🙋‍♂️🙋‍♂️

Here we have a AUDUSD long trade idea. If you like this idea please show your support!

AUD

The Australian Dollar ( AUD ) has been very week recently due to COVID-19 news and protest ongoing within the country. However technically we are at a point of resistance for many AUD pairs, and we are anticipating bullish momentum. We can see this on AUDNZD below.

AUDNZD Price is in a structure level

Also AUDUSD is in a impulsive wave downwards which is due to correct.

USD

The Dollar ( USD ) has been on a bull run for a while now. If you have been following my journey with this pair you will understand how frustrating the past few weeks have been. However now we can see a huge bearish engulfing candle on DXY which is a indication of some downwards momentum.

This has been anticipated for over a week now and we can see many pairs break their structure which indicated big movements soon!

DXY Resistance & Bearish confirmation

Check out GBPUSD in the related ideas below where I have re-entered where the price has respected the trendline.

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Please trade with caution and make sure you set your stop losses! Happy Trading 😁

Be sure to check out my other ideas below!
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Stop hit due to FED Chairman Powell doing a speech. Reentered.