Description :
Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 0.71115, where the current price is, we are looking to take profit at 0.74611, where the recent swing high is. Stop loss will be placed at 0.68684, where the previous overlap support is.
Trading Recommendation
Entry: 0.71115
Reason for Entry: bullish channel + Ichimoku cloud
Take Profit: 0.74611
Reason for Take Profit:
Recent swing high resistance
Stop Loss: 0.68684
Reason for Stop Loss:
Key support area