AlexHillFX

Aussie Dollar H4 View - Fib Break Idea

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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2
1. Bullish Bias on Time Frame.

2. Massive wicks and failure to close above weekly level at 0.76200
highlighted in blue box.

3. Fib Levels show that we were only pulling back to 23% and
sustained a close above just about.

4. We can see from the rejection of the wicks in blue box that
Buyers had a hard time and Sellers won.

5. In the last week of PA we have seen downside and could
look for a further pullback.

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