👩🏽💻Technical: Currently, the monthly chart is developing a strong bullish engulfing pattern & the weekly chart is indicating some really promising bullishness as well. This setup has the potential to reach around 100 pips - which is where the previous daily high zone is.
🎯 For an ideal entry: Push > exhaustion, especially if the price makes a new high on the 4-hour + bullish engulfing closure and targets the daily high. GDP for AUD is late at night, so keep that in mind as well.
🎯 For an ideal entry: Push > exhaustion, especially if the price makes a new high on the 4-hour + bullish engulfing closure and targets the daily high. GDP for AUD is late at night, so keep that in mind as well.