AUDUSD Trade Idea


by: Colibri Trader


The trade from last time is still active and still looking bullish. I entered in a long trade at 0.7125. The pair is showing bullish signs and there is no reason to take early profit. I am looking at the daily candle and it is a bullish engulfing that gives us even further confirmation of the buyers at these levels.

AUDUSD Trade Idea

Today’s trading idea is coming from AUD/USD. There is a very similar scenario that has formed there. The daily candle is a bullish engulfing and it actually engulfs two candles. We are just below a resistance area, but I believe we will see a breakout from these levels(0.7500). My entry is at the current market levels or on a retest of 0.7500. My stop-loss would be placed just under 0.7400. My first target is the level of 0.7580. My secondary target is the level of 0.7700.

Happy Trading,

Colibri Trader


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