FX:AUDUSD Australian Dollar/U.S. Dollar
As you may have been noticed, the "#" in the header is to denote a follow-up idea. In "1.3", it was anticipated that AUDUSD would have a correction near the turquoise line. Now the price has passed that line, and there is divergence in play. What we now need is the break of a previous structure level and an upward retracement for us to be able to catch the most advantageous point of entrance. The 4h chart also shows how overbought the pair is. One may wish to wait for an crossover entry signal for this trade.