AUDUSD: Major Bull-Flag-Breakout, Pointing to Upper Targets!Australian Dollar/US DollarFX:AUDUSDVincePrinceHello There, welcome to my new analysis about AUDUSD on the 4-hour timeframe perspective. Recently the bullish volume, momentum, and volatility for this forex pair have increased drastically. In the current market, I am picking profitable pairs to trade either on the long or short side. AUDUSD is showing an interesting setup that could result in a worthwhile and profitable trade. As when looking at my chart, we can watch there how AUDUSD is trading within this ascending channel formation. Here it bounced several times within the lower boundary, marking substantial bullish alignments. Also, it has the 100-MA in blue and the 65-MA in green as pivotal supports. Right now, these structural bullish factors hold the bullish trend upwards. The most important formation here to consider is the bull-flag formation, which is forming above the MAs and the lower boundary of the ascending uptrend channel. As AUDUSD already increased substantial bullishness within the bull flag and is attempting to break out, the final breakout will complete the whole formation and set up the bullish continuation setup. Once this setup has been confirmed, the upper target zones will be activated as marked in my chart. A conservative entry zone would be when AUDUSD forms the breakout and the setup is confirmed. A aggressive entry would be to enter the trade immediately. Depending on the risk preferences of either of these two trade entries, should one trader choose. In this manner, thank you a lot for watching! The support is highly appreciated. VP