AUDUSD - Long Scalp to start next week

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AUDUSD had a significant upward move, clearly violating recent resistance. For now the bulls are in control. Expect another re-test of the highs before we make a decision to continue higher, or to head back and re-test resistance as support. Current structure is supporting a move higher in the shorter term.

A series of 'Over/Unders' are forming allowing price to step back up. Expect a second push to reach the 161 fib extension at a minimum. This will allow for a 2:1 scalp to start the week.

Đã hủy lệnh
Gap open well below planned entry negated this long scalp. See alternate short trade idea that happened instead.
Chart Patterns

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