AUD/USD Bullish trade Idea

4 בפבר׳ 2020

Ok traders so here is my analysis on AUD/USD, from a technical perspective it is looking to be Quite oversold on the rsi at least. HERE ON THE ONLY INDICATORS I USE BELOW if i use ANY. From a DAILY viewpoint it is quite at the right levels to start hunting for a buy if it goes any lower than the current market value which it could don't expect to far of pullback. It is rapidly approaching the 200 ema on the hourly chart if it can hold we'll see for more bullish momentum and as well a possible news related UPWARD OR DOWNWARD PRICE VOLUME MOMENTUM pullback to certain levels. RISK TO REWARD MY DEARS RISK TO REWARD!!!

RSI

ATR

DMI

MAE -