Akil_Stokes

AUDUSD: 3rd Strike 2618 Opportunity

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD was the first of 2 2618's shown today. As mentioned, I had previously been a fan of the higher level of structure resistance (red box) and although I couldn't involve myself in the initial test, was able to use an advanced pattern formation to get involved on the retest. We now have the potential for a 3rd strike of that level in the form of a 2618 trade if price action were to rally up to the .7480's level.

Overall I'm still neutral on this pair meaning I don't have a firm bullish or bearish bias bigger picture.

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