Trading idea for AUDUSD

Trading idea for AUDUSD

Good morning, dear traders! I congratulate everyone at the beginning of the trading week. I present to your attention a trading idea for the AUDUSD pair.

As you can see, the instrument has reached the level at which I assumed a reversal.

I recommend looking closely at purchasing in this area. Triggers of your strategy inside the day can serve as a signal for making a trade. I remind you that this tool "shoots" well at night on news from Australia, China, as well as news about the US-China trade negotiations.

It should also be noted that the "Aussie" is incredibly oversold relative to all instruments and, in this case, working to increase will be the right tactic.

Good luck with trading and see you at the evening review!