Description :
Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud; an ascending trend line adds confluence to my bias,indicating a bullish market. Looking for a buy entry at 0.71438 where the recent swing high is. we are looking to take profit at 0.72625, where the recent swing high is. Stop loss will be placed at 0.72625 where the previous overlap support is.
Trading Recommendation
Entry: 0.71438
Reason for Entry: bullish channel + Ichimoku cloud
Take Profit: 0.72625
Reason for Take Profit:
Recent swing high resistance
Stop Loss: 0.72625
Reason for Stop Loss:
Key support area
