FX:AUDUSD   Australian Dollar/U.S. Dollar
382 4 2
Looking for a trend continuation opportunity with a possible 26-18 trade.

Just to clear my mind:
- a retracement of at least 61.8% should occur (getting resistance of the double bottom) which would also be a harmonic move.
- targets can be based on retest of previous structure low, the 100% retracement and the 1.272 extension for a trend continuation..
- stops would go below previous lower low.
- on daily chart it is more clear to see.
Mikoxl. PRO
3 years ago
I'm still not in a long trade. Although there was no harmonic move to the downside, there could be a extended move of the last 61.8% retracement. If that happens I will try my luck going long.

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Mikoxl. PRO
3 years ago
I believe the 26-18 setup is with the price retracing 61.8% of previous double bottom. I've also spotted a potential bullish cypher, so i want to have tight stops.

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