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!

would be good 3w down.. possible wA done.. pullup for B then down
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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