Nice idea on AUDUSD. For our set up, we have identified the key resistance and support levels. Currently, price is approaching our first resistance at 0.71440. It is a horizontal overlap resistance, 100% Fibonacci extension and a 38.2% Fibonacci retracement. Stochastic is approaching resistance and so we might see a corresponding drop in price. If a corresponding drop does occur, we may want to take a look at the 0.70568 support level which is near your take profit 2 level. It is a horizontal swing low support, 61.8% Fibonacci extension and a 76.4% Fibonacci retracement .
Please take a look at our idea and share with us what you think.