Overview
AUDUSD
was in a bearish trend. However, bullish divergence was formed and price formed a higher high followed by a higher low! Analysis & Plan
After formation of bullish divergence on
AUDUSD
, price formed a higher high followed by a higher low. This is a strong indication of formation and continuation of a bullish trend. We enter a long position on break of HH and expecting price to continue the bullish trend!