Hi Traders! AUDUSD forecast follow up and update is here. On February 10th I shared this “AUDUSD Buy Idea After Bullish Trend Pattern” post in Trading View. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Traders Academy Club. Spoiler alert – free memberships are available!
My Idea
Based on the above-mentioned analysis, my view was bullish here and I was expecting the price to move higher further until the strong support zone holds. After the bullish trend pattern, we had a pullback but the price was holding above the strong support zone. The price then moved higher further as I expected delivering 220+ pips move so far.
(Note: You can learn about a Killer Forex Strategy “Double Trend Line Principle” here)
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