On the AUDUSD I'm looking for some action around the 0.78 area. We can see that price hasn't reached the 127.2% Fibonacci extensions yet, so I expect price to go there soon and then turn .
We can see two patterns and three 127.2% Fibonacci extensions and previous high clustered at the same area. There is also a 38.2% of the major move . This is the reason the amount of pips for the stoploss is pretty big. This indicates a high probability of rejection off that area.
Target: 0.73573 = R:RR 2.99
Best of luck! I will update all my posts of anything interesting happens.
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