Good day traders!
Lets get started today with the AUD/USD chart. We see from this 4hr chart that the pair is consolidating within a triangle.
The momentum is up medium term and we are waiting for a break out from this channel.
You can use a break out strategy to benefit from this setup or scalp counter trend whenever the blue lines gets hit either side. 🙂
Ardy
Currency Strategist
Leave A Comment