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Break vs Retracement

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
nachoneit  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis swingtrading swing breakout
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trendanalysis swingtrading swing breakout
- After the retracement the price stopped at 61.8% and made a big green candlestick which may mean that we will see an upward momentum, however, the price has not reached the bottom of the channel so the price could continue to go down.

- Wait for a lower time frame break.
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