Ace Trading Academy - Audusd Analysis Current Trading Plan 1Hr

AUDUSD has been bouncing between a support and resistance zone which is marked on the chart in the consolidation box drawn. We want to see AU break through the .72222 zone before entering any buys with a break and a retest. As of right now I wouldn't recommend trading inside of the zone wait for a break of either the top light blue zone or a break of the golden zone. On the break of either direction wait for confirmation going that direction.

TP 1 for a buy is .72430 which is the black upper box.
TP 2 for a buy is .72750 which is the purple box.

Purple = Daily Zone
Light Blue = 4Hr Zone
Gold = 1Hr Zone

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