AUDUSD: Classic Pullback Trade

21 Oca 2020

morning traders,

AUDUSD is standing on a key structure support level.

the pair has recently formed a dodji candle
and the price is coiling within a falling wedge pattern.

I suggest you buy the market in case of a bullish breakout of the wedge
protecting your position with stop below the support.

target levels will be
0.689
0.6915

*in case of a bearish violation of the underlined support,
setup will be invalid and our bias will switch to bearish