AUD/USD wait for FIB entrance for long

FX:AUDUSD   Australian Dollar / U.S. Dollar
289 0 0
Price action is below ichimoku cloud in D1, which may indicate a long-term short trend for this pair. However, I am using the H1 chart. Price recently broke trend line and so we should wait for a retracement near the 0.50 fib and look for a bounce off this retracement action which is also combined with flat ichimoku cloud signifying stronger support. Limit and Stop illustrated in chart.

Also, price action is ABOVE ichimoku cloud signifying bullish movement, but it is BELOW cloud on D1, so the goal here is to capture profit in a bullish 1 hr             trend while price is still in a downtrend on the D1.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out