AUD/USD: H4 Тренд възходящ.
Higher tops and higher bottoms.
Break of diagonal resistance.
Price above supports.
Prica action: Engulfing bar at levels of horizontal support.
Indicators:
50SMA crosses 200SMA upward - positive signal
DeMarker reverses under 0.3 - positive sentiment.
Price above 50SMA.
Price above 200SMA
SL: 0.7345
Alternative scenario:
If price goes below the diagonal support this will negate the positive formation.
Jr.Trader-G.Bozhidarov
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