SELL @ 1.018.
EXIT TRADE IF H4 CLOSES ABOVE 1.0200 AS TRADE IS ALREADY INVALIDATED IF H4 MANAGES TO CLOSE ABOVE 1.02 RESISTANCE.
TARGET BTM OF FIB LEVEL AND BEYOND(DEPENDS ON CIRCUMSTANCES)
61.8% FIB LEVEL
ALL THESE AT PREVIOUS SUPPORT TURNED RESISTANCE
AUDUSD HAS BEEN ON THE UPMOVE FOR MORE THAN 200 PIPS, ITS TIME TO TAKE A REST DONT YOU THINK?
ON ANOTHER NOTE. TRADE MAY NOT TRIGGER ENTRY AS I MAY BE TOO LATE. IF PRICE BREAKS BELOW 1.0130 OR A BIG H4 BAR APPEARS I MAY CANCEL TRADE.
SUBSCRIBE COMMENT AND LIKE MY IDEAS IF YOU AGREE OR DISAGREE.
Wait for confirmation before going either direction but i am siding the short side as AUD has been rising quite rampantly recently (no idea why fundamentally). A retracement in AUD could be the break we need.
I personally do not trade crosses but this pair intrigues me.
Keep a lookout.