I have AU's next point of interest circled in green. Waiting until the most professional set up is present before entering a trade is the most detrimental skill of being a successful, and full-time trader. When the alert is hit and we go to enter this trade, we want to double check and re-analyze all aspects of our methodology to make sure they are present. Only...
Right now, AUDUSD is holding structure at a semi-major price point, forming a triple bottom for a possible retrace of the major downtrend line, or a break, retest and sell off of the held structure. This scenario matches with the head and shoulders pattern on the daily chart. Watch for price off to sell off of the major downtrend, or off the break and retest...