Entering long on the hourly, targeting 0.68075 on the idea that AUDUSD is forming an impulsive move higher. Target price is the 161.8% extension of the 12/15/23 low --> 12/18/23 high.
I'm currently still bearish on EURUSD and GBPUSD but may flip bullish on those as well.
I'm currently still bearish on EURUSD and GBPUSD but may flip bullish on those as well.
Trade active:
I'm taking partial profit. Price has spent the last day hovering around the 161.8% wave 3 target of the next lowest degree. We may be in a wave 5 on multiple degrees, which will bring significant resistance if so. I'll continue to hold half of my position for now (stop moved to break even) in case we do get a pop up to my intended target.