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 0.70672 where the recent swing low is, we are looking to take profit at 0.71355, where the recent swing high is. Stop loss will be placed at 0.70165 where the previous overlap support is.
Trading Recommendation
Entry: 0.70672
Reason for Entry: bullish channel + Ichimoku cloud
Take Profit: 0.71355
Reason for Take Profit:
Recent swing high resistance
Stop Loss: 0.70165
Reason for Stop Loss:
Key support area