FVG + Fib Retracement AUD/USD 1Hr

Feb 27, 2023

Fair Value Gap need to be filled. Retracement levels from Fibonacci Retracement fits on as well.

Closest FVG - 0.67600 (Approximate price box)
Highest FVG - 0.67750 (Approximate price box)

Will update further as the price retrace.

Feb 27, 2023

Note

As Durable Goods are mostly not in line as consensus expectations. We see a hourly change of character. Every hour is a bullish overall volume for Australian Dollar;

Hourly Volume AUD/USD (NON-DELTA) after Durable Goods

Feb 27, 2023

Trade active

Just created a sell limit order at price of 0.67543 targeting the closest FVG on the chart with RRR of 2.

If executed correctly, will take partials and continue the position open till 0.66640.

Mar 1, 2023

Trade closed: target reached

We've secured 2% with this trade. AUD news helped the trade.