AUDUSD – Possible long signal
If the AUDUSD manages to close around the opening Price of the previous hourly candlestick, we could go long:
The interpretation of the signal would be: the AUDUSD is trading in a bullish market condition in the long term charts. When we take a look at the short term charts, we see that it is currently trading at an important level, it will be significant if it closes where we previously mentioned and at the same time it will have upward pressure.
Remember, the current hourly candlestick in the AUDUSD must close around the opening price of the previous one.