#AUDUSD (Bat, Fib, Structure)
Lower confidence level as the area around B point itself can be a huge .
2. Previous structure retest
3. Round number 0.78000 in the lower zone
4. 200SMA is close to the zone
5. Daily Time Frame has 50SMA in the zone
6. in the zone
Wait for confirmation in the zone
I would love to hear your opinion, feel free to agree or disagree in your comments.
Please give it a thumsup if it makes sense.