AUDUSD // Fibunacci levels // Support Resistance // Trend lines
* Retracement to key support at .618
+ if it holds and bounces great opportunity for longs
- otherwise if it breaks a short opportunity arises
* Market Sentiment is overall short
Contrarian pov to long
* Stochastics are oversold on 4hr but not so much on higher timeframes
+ expecting it to make one final impulse before any major correction.
+ if it holds and bounces great opportunity for longs
- otherwise if it breaks a short opportunity arises
* Market Sentiment is overall short
Contrarian pov to long
* Stochastics are oversold on 4hr but not so much on higher timeframes
+ expecting it to make one final impulse before any major correction.