AUD/USD
Long Continuation
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Hi Traders
AUD/USD is setting up to go long nicely, retraced upto 0.618 Fib level. It seems a high probable trade which scoring following 7 points.
1. Higher High & Higher Low
2. Above 50 & 200 EMAs
3. Horizontal Support (1.03932 Level)
4. RSI Convergence
5. Bullish Price Action (Inside bar)
6. No Resistance in the Way
7. FiB Retracement Level (Support at 0.618 Retracement Level)
There is no hard level in the way apart from a soft level of 1.0493, which makes it 5:1 profit potential if it goes upto to that hard level.
