A deeper retracement back into the broken daily range will be the ideal long to take price back up to last summer's high. Seasonal trade/supply zone-->Demand/50-61.8 fib/Double Bottom
Awaiting a possible deeper retracement to enter long. Some AUD news coming out tomorrow - I'm expecting weakness!
Watching for short opportunities. After having a tough time breaking back up above support/demand zone - we are more likely to see a continue of the downtrend.
I'd like to see a pull back before entering short to target previous lows. The pull back would be towards the most recent A-B 61.8 retracement. Although the current floor may break without any signs of a real pull back - I'm showing here my optimal entry.
Previous demand zone. Strong rally into Friday ---> pump and dump