AUDUSD - Long opportunity after deep daily retracement
Hi!
AUDUSD with some fantastic price action. Market structure has changed - What looks like a forming bearish trend on the 4H timeframe seems to be just a very deep retracement on the previous daily impulse move.
A close above the current resistance zone would definitely heat things up and I'll be looking for a a long entry.
Let me know what you think in the comments!
AUDUSD with some fantastic price action. Market structure has changed - What looks like a forming bearish trend on the 4H timeframe seems to be just a very deep retracement on the previous daily impulse move.
A close above the current resistance zone would definitely heat things up and I'll be looking for a a long entry.
Let me know what you think in the comments!