AUDUSD: Daily Pivot Trade
Looking as if we got a daily pin bar around previous month's R1 as well as quarterly R1, after a bullish engulfing candle in the middle of structure. Likely to see some upside here soon. Fib confluence would align to clear profit targets at the .5 retracement and . 786 retracement . I have an old idea for AU using a line-break chart that i will link to this one. Safe profit targets would be where i have mentioned, and overall target for E.O.Y. or early 2018 would be the chart linked.
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