AUDUSD - LONG

5 Ara 2018

I see an overall bullish momentum building up on this pair.

My indications of bullish movement:

• Higher Lows/Highs being created
  
• Support being shown on trendline
  

Entering:
Always a personal preference, I assumed the RED levels are where it best to react.

Exiting:
Again, personal preference, although if unsure I would look towards the YELLOW levels.

Indicator located at the bottom:
I use this to see what price is doing and viewing in a line-chart if you will, and although price has crossed underneath the aqua line I am wanting to stay bullish.

Usually I wouldn't and would instead look for the opposite setup - but let's see how this plays out.

6 Ara 2018

Not

Price has went under our trendline ignoring a retest - passed our RED level and started showing wicks at the bottom. I would like to see a retest on the upper aqua trendline with more bullish candlestick patterns.

7 Ara 2018

Not

Price has resisted our top level - so we know in the future this will be a key area to watch - if price breaks above and holds for the long later.

If the current candle closes as a bearish engulfing I would expect another test to our lower level(s).