Description :
Looking at the H4 chart, my overall bias for AUDUSD is slightly bullish as there is a key support level, the price tested and bounced from the 1st support level. Looking for a pullback buy entry at 0.68753 where below the 1st support level is. We are looking to take profit at 0.70046, which is the recent swing high, Stop loss will be placed at 0.68355, where the 61.8% Fibonacci retracement is.
Trading Recommendation
Entry: 0.68753
Reason for Entry:Key support level
Take Profit: 0.70046
Reason for Take Profit:
recent swing high
Stop Loss: 0.68355
Reason for Stop Loss:
61.8% Fibonacci retracement
