#AUDUSD Potential trade
This pair is showing some beautiful bullish runs , using the last major daily level of structure as a starting point we can see the steady respected Ascending Trendline ( 6 touches) . We can see the Daily zone got broken and then held very well throughout , a few strong pullbacks in the white zone but its held very well ( showing by the red arches if you look left .
If we pull our fibb tool out and retrace the first pullback from when we broke this level of structure to the high of this run it pulls back onto our Golden Zone beautifully . This retracement , the ascending trendline , the daily level of structure all give me very high levels of confidence in this trade to target the current high and SL just at the edge of the daily zone :)
This pair is showing some beautiful bullish runs , using the last major daily level of structure as a starting point we can see the steady respected Ascending Trendline ( 6 touches) . We can see the Daily zone got broken and then held very well throughout , a few strong pullbacks in the white zone but its held very well ( showing by the red arches if you look left .
If we pull our fibb tool out and retrace the first pullback from when we broke this level of structure to the high of this run it pulls back onto our Golden Zone beautifully . This retracement , the ascending trendline , the daily level of structure all give me very high levels of confidence in this trade to target the current high and SL just at the edge of the daily zone :)