AUDUSD long trade on 14/5/24
- Correlation chart, at least 4 pairs got correlated base on H4 timeframe and it also shows USD was weak. This made AUDUSD trade a grade B.
- Trade based on H4 timeframe
- Use H1 timeframe to time the entry, also strength meter shows USD currency was in very weak condition.
- Enter trade after 8:30pm (after high impact news related to USD)
- Update: 16/5/24 price finally able to make new high. Such a good trade if able to grab this.
