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Tempo_Trades

AUD/USD - Bullish Divergence - Bullish Trend Reversal

Long
Dollar Australien/Dollar Américain (FX:AUDUSD)  
Tempo_Trades  
FX:AUDUSD   Dollar Australien/Dollar Américain
Trend Analysis Chart Patterns Oscillators AUDUSD audusdlong aususdtrade audusdanalysis Contains image
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trendanalysis chartpattern oscillator audusd audusdlong aususdtrade audusdanalysis containsimage

Overview
AUDUSD was in a bearish trend. However, bullish divergence was formed and price formed a higher high followed by a higher low!

Analysis & Plan
After formation of bullish divergence on AUDUSD , price formed a higher high followed by a higher low. This is a strong indication of formation and continuation of a bullish trend. We enter a long position on break of HH and expecting price to continue the bullish trend!
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