AUDUSD H4 ANALYSIS - BULLS IN CONTROL

Hey traders, this is my analysis on the AUDUSD on the H4 charts presently.

I currently have one long position open on the AUDUSD, and may add a second one at the 1pm EST close.

From the charts I have labeled the bullish pinbar, as well as the most recent bullish candlestick.

These indicate that the bulls are in control until proven otherwise.

On the MACD we still have bullish momentum.

The risk to reward on this trade is 1.5. Targets being the yellow trendline.



Daily trade analysis and ideas:

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