AUD/USD 60 min .618 Blow Out
There is a potential long opportunity on the 60 min time frame. There is a .618 retracement and 1.272 extension lining up in a nice demand zone. Price is holding around .7134 at the .50 fib level. I'm looking for price to have a False breakout to the down side right into the that .618 level. I'm looking for price to reject the drop-base-rally area at .7114-.7120. I will have stops just below the swing low around .7108. Looking to take profits around the swing high around .7182. Good luck trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.