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.
Trade active
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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.