ivan_nyoman

Buy Setup. Trend or Counter-trend!

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
On the Daily chart, the price has made a higher high since the beginning of the month. Need to pay attention to the Weekly chart that still uptrend, it is possible that on the Daily chart make a counter-trend.
On H4 time frame, after the price makes a higher high it is moving down make a pullback. There is a demand zone and coincide with 61.8% Fibonacci retracement. Set a buy setup even we do the counter-trend of the Weekly trend.
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