as you can see the entry zone would be a nice confluence level - 1.618 extension possible reverse - 0.618 retracement level - possible harmonic - look left structure leave clue - possible RSI divergence at H1 - RSI oversold condition
as you can see there is a potential trend continuation trade on audusd - Fib retracement at 0.618 - Fib inversion of 1.618 - Look left for structure - RSI oversold condition we may have tight stop loss as we dont want hold our long position if the market decides to go below to another structure level.
As you can see this pair might get up there at R1 by today at 110.20. Potential double top formation and RSI divergence occur at H4. If we get rejection at D1 trendline, possible long term short or short term short whatever your trading plan is. Our killzone or entry point would be between 110.20 - 110.35. Goodluck and feel free to comment, Thank You.
As you can see the inside trendline(grey trendline) gives us a nice bearish trendline with support mark every intersection which the rejection from sellers. Look left structure leave clue for every support and resistance. it can go further down if it breaks and we may go to next bearish resistance level which our TP1.
as you can see the fibonacci confluence are there with extension and the retracement at 0.382 with the long term downtrend from daily chart trendline. the kill zone area is when the probably the potential entry point. Feel free to comment as I'm a new trader Goodluck and happy trading
Based on my analysis strong Fibonacci confluence as you see here at the blue box. The kill zone would be proportionate with oversold at RSI. Happy trading and feel free to comment or give any advice Thank You