Price has broken out of daily 80.00 level and is pulling back, creating a double bottom on a lower timeframe. AUD has been strong this week and also the price is bouncing off of a fib level. Looking for further conformation to enter long on this trade.
Comment:
Price is also bouncing off key level 80.00. Also respecting the 4hr 50 SMA and RSI divergence occurring on the 4H timeframe indicating a long position.