AUDUSD - Long opportunity
Price has stalled just above the 38.2% Fib level of the recent upswing, and has posted a bullish daily candle.
This candle is a bullish inside bar, and I will be trading this in a classic fashion: buy the break of the mother bar.
I would look for a retest of the recent highs firstly, with the 127% Fib extension also of interest should price breakout higher.
This candle is a bullish inside bar, and I will be trading this in a classic fashion: buy the break of the mother bar.
I would look for a retest of the recent highs firstly, with the 127% Fib extension also of interest should price breakout higher.
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