Aud/Usd possible inverted head and shoulder
4h uptrend was broken but it also retraced and closed above previous high (red arrow). I'm expecting a pullback between the 38.2, 50, and 61.8 key fib levels to push price up as shown to retest its Daily trend line to the downside. If you want to be aggressive, you can set a buy limit at either one of those key level fibs. If you want to be conservative, you can enter on a 4h bullish engulfing candle CLOSE. SL would be at 88% or 100% your choice. Remember, patience and proper risk management is KEY.
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