FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
There are a potential of bounce on the daily support and resistance zone which also align with 61.8% fib level. look for a low test candle within the the ascending trend line before placing long trade.
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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Related Ideas

Enter at 0.6855
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maybe a bounce, but it's weak in all aspect except month chart
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I have the same idea but how do you calculate your where to put your SL?
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I love your style of trading
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Great chart. I wonder if the bush fires will suddenly stop when the bounce happens.
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I have it too on my radar using fibonacci confluence:
+1 Reply
ElyaStein vikinsa
@vikinsa, how can you read the charts with so many indicators
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vikinsa ElyaStein
@ElyaStein, :) I do not use any indicators other than 200 sma moving average. All of these are hand drawn during my analysis. Watch the video. I start from fresh blank chart and analyse manually. :)
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