Description :
Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, Looking for a buy entry at 0.71277 where the pullback entry and the 1st resistance level. We are looking to take profit at 0.72775, where the previous swing high is and -27.2% Fibonacci line. Stop loss will be placed at 0.69753 where the recent swing low support is.
Trading Recommendation
Entry: 0.71277
Reason for Entry: Ichimoku cloud + price momentum
Take Profit: 0.72775
Reason for Take Profit:
Previous swing high resistance
Stop Loss: 0.69753
Reason for Stop Loss:
recent swing low support
