AUDUSD 10/28/18
Weekly: Previous week was a bearish hammer close. looking for major price volatility at this level. .7000 region lightly tested but major rejection.
Daily: previous day was massive bullish hammer closure, comfirming major support region is holding for now. expecting a retrace back to .7160.
H4: Major bullish rejection off previous low, but not before breaching and creating a Lower low. if .7160 region holds we should see another lower low form.
61.8 retracement of last impulse on D1 chart lines up perfectly with .7200 Monthly key level.
wait for retest to enter short
Daily: previous day was massive bullish hammer closure, comfirming major support region is holding for now. expecting a retrace back to .7160.
H4: Major bullish rejection off previous low, but not before breaching and creating a Lower low. if .7160 region holds we should see another lower low form.
61.8 retracement of last impulse on D1 chart lines up perfectly with .7200 Monthly key level.
wait for retest to enter short
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