SmartTradingFX
Long

AUDUSD: Structure Based Continuation?

FX:AUDUSD   Australian Dollar / U.S. Dollar
436 4 7
Analysis on chart!

Price has broke above previous resistance and now retraced back into this zone where we have a 0.5 Fib Retracement, 1.272 Fib Extension and 1.618 Fib Inversion!

Previous lows may allow for a low risk high reward trade with two potential targets! I am now waiting to see how price reacts on the hourly TF to see if i can enter Long on this pair!

Please like, share and comment away! Love the support from all of you!

SMART TRADING
would be good 3w down.. possible wA done.. pullup for B then down
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This are my thoughts too, madecsome pips on pullback now waiting for AUD to go back up, you can also check AUDJPY, same idea.
+1 Reply
Looks good, brave. Good luck mate.
+1 Reply
SmartTradingFX Technician
Thank you sir! I know theres just been a strong move down so always a risk but with a bit of potential buying pressure on the last candle it would allow a tight stop! We will see! IL let you know if i get involved
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