EdwinMentee1K
Long

Price Action On AU / Bullish

FX:AUDUSD   Australian Dollar / U.S. Dollar
Looking at previous structure of price for AUD/USD I have marked on this chart

my higher highs, higher lows for previous bull trend as well as lower lows and lower highs for bear trends (D & 4H) with the rectangle blue boxes

January 15 2016 prices reached a low at 0.6829

deep re-tracement a few months later May 2015 20-June 02 Price retraced at 0.7163 never breaking the previous support

later that year price also retested that same support level in December 20 2016 - January 3 2017 then began its bullish trend again

Current - Price has rejected breaking a strong level of support 0.7328

waiting for a retest of the 0.7360 price before looking to go long on this trade
my bullish trend line is still valid
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