Strong week for the aussie across the board, getting back to the upper band of its downtrend channel in $AUDUSD which coincides with the 61.8% Fibonacci retracement level of the Jan'16 low to Jan'18 high, i.e. confluence of strong resistance, good risk/reward area to go short
Breaks out of its resistance, on high volume (3x the 50-day average).
Retraces back to breakout level on lower volume (less than 50-day average).
Now price needs to bounce off this level and start a new uptrend to be a complete #textbook #breakout.