AUDUSD Trading plan (Week 3 February)
AUDUSD Confluence:
1. Support become resistance.
2. Trendline as a diagonal resistance.
3. Fibs level 38.2
4. Correction channel after impulsive moves.
My target is on the 127.2 level of fibonacci extention.
This is just an idea of mine, so don't make it as a reason to you to take the entry, but you need to compare and see what you see based on your strategy.
1. Support become resistance.
2. Trendline as a diagonal resistance.
3. Fibs level 38.2
4. Correction channel after impulsive moves.
My target is on the 127.2 level of fibonacci extention.
This is just an idea of mine, so don't make it as a reason to you to take the entry, but you need to compare and see what you see based on your strategy.