AUDUSD Fibonacci Idea for 4H Timeframe
Based on 4H Timeframe, using fibonacci retracement, we got 2 scenarios.
first if the chart bounce around 0.67500 and 0.67615 or 38% of fibonaci, find the opportunity to go long with target at 100% level of fibonacci, around 0.68106
second, if the chart break the 61.8% level of fibonacci around 0.67240 and 0.67314, start go short with target at 0% of fibonacci level around 0.66710
first if the chart bounce around 0.67500 and 0.67615 or 38% of fibonaci, find the opportunity to go long with target at 100% level of fibonacci, around 0.68106
second, if the chart break the 61.8% level of fibonacci around 0.67240 and 0.67314, start go short with target at 0% of fibonacci level around 0.66710
Trade active:
Opportunity seen to go long. Buy with TP 1.10550 and SL 1.10140