FX:AUDUSD Australian Dollar/U.S. Dollar
There is a potential long opportunity on the 60 min time frame. There is a .618 retracement and 1.272 extension lining up in a nice demand zone. Price is holding around .7134 at the .50 fib level. I'm looking for price to have a False breakout to the down side right into the that .618 level. I'm looking for price to reject the drop-base-rally area at .7114-.7120. I will have stops just below the swing low around .7108. Looking to take profits around the swing high around .7182. Good luck trading.