AUD/USD 4H Chart Analysis – Targeting Bullish Potential

We’re analyzing the AUD/USD 4H chart, where a new BUY signal has been triggered, indicating a possible bullish move ahead.

Key Observations:

- BUY Signal: Triggered at 0.67956, suggesting a potential reversal from the recent downtrend.

- TP Zone: The Take Profit zone is set between 0.68198 and 0.68416, offering a potential gain of 24 to 46 pips from the entry.

- Market Structure: Price is holding above key support levels, and recent price action points to weakening bearish momentum, signaling a likely move toward the TP zone.

Trading Plan:

- Bullish Scenario: If price continues its upward trajectory as expected, aiming for the TP zone between 0.68198 and 0.68416 could bring a favorable outcome. Monitor the price action for confirmations as it approaches these targets.

- Risk Management: Stay flexible and adjust your risk management strategy as needed based on market conditions. Always monitor your position closely and adapt accordingly.

Stay sharp and trade wisely!