Hope you guys are good, here's a swing idea on the AUDUSD PAIR looking at it from the 4H chart. * The pair broke out of a descending channel which saw a rally with the bulls to resistance level 1.80103 * Saw strong momentum with the bears to the downside and currently the pair is trading in a bear flag, great opportunity for intra- day traders to capitalize on the roof and base of structure. * looking for the pair to rise and test 61.8 % FIBONACCI level as this level is the level aligning well with structure before we see a move with the bears. * Targeting both Fibonacci extensions * follow your entry rules on entries * significant moves with the bulls change the plan.
lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.