Nice idea on AUDUSD and there may be bullish bias as you have identified. We have identified the key resistance and support levels for the short term. The first support that we have identified is at 0.7025 (100% & 100% Fibonacci extension, horizontal swing low support), which is just below your stop loss. Stochastic has bounced off its support at 1.4% where a corresponding rise could occur. If a corresponding rise does occur, we may look at the 0.7152 resistance level (61.8% Fibonacci retracement , horizontal overlap resistance), which is just above your take profit level. Please have a look at our idea and share with us what you think.