We received a bullish hikkake alert from our price action expert advisor yesterday, for the AUDUSD on the D1 timeframe.
Our long target range is 0.700346 – 0.705238
Technical Analysis
If we take a look at the Technical Analysis, we see that overall trend is in a neutral state.
Other Expert Opinions
The chart below shows that some traders are expecting a nice bull reversal using different technical analysis methods.
May 27
Comment: Here are the entry rules: you and buy now on the retest and TP @ 0.69762 at that price level sellers might come in and slightly push the price down. the best idea is to wait for price to enter the buy zone break the blue trend line above the 0.69762 leve and buy counter trendline breaks bullish on the 60min chart
How you can trade on this chart.
1. Wait for the impulse to appear and join.
or
2. Let the impulse form and add on correction.
Note: We are expecting gap up on AUDUSD and Other AUD pairs.
Cheers to another successful week!