AUDUSD LONG

Price Action Day Trading

Daily Bias: Bullish

POI: Price retrace back into H4 support horizontal level and rejected from that. Price went bullish breaking through bearish trendline and H1 resistance level. H1 TF, price formed a double bottom with a strong horizontal level of the neckline.

Setup: H1 Broken neckline set a long trade with SL below double bottom swing low. Targeting next daily swing high with R:R 1:6.