The AUDUSD downtrend channel was broken and now the price went to a consolidation area.
The 200 EMA being broken on 1H confirms the same thing.
The consolidation area has two touches on the support and two on the resistance.
I'm waiting for the consolidation area to be broken as the resistance of the consolidation area is a key area that has been support turned to...
1 HR trend line broken
Price re-tested the support area and I expect to bounce from it
If price breaks through the support area the trade is no longer valid
TP based off last hits from trend line
