AUDUSD Buy Idea

2019-11-07 22:39:04

D1 - Bullish divergence, higher highs, price is above 23% fibo retracement zone.

H4 - Price is at the middle of the channel and it is above a strong resistance zone.

Until the price holds above this zone we may look for bullish setups with more bullish evidences in order to start looking for the buys.

Invalidation: If the price moves lower and breaks below the bottom of the H4 channel then this buy setup will be invalidated.