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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.