40-50 Pip Buy Move AUD/USD

Hello Traders, I have entered long on this pair. We can see on the 1hr chart we are forming a W chart pattern. We have created Higher highs and Lower highs. We are entering an area of support. For extra confirmation we look at our daily chart, we can see a very convincing bullish engulfing candlestick. These are signs pointing towards the upside.


Entry: 0.69351


TP: 0.69776
SL: 0.69032