AUDUSD

Looking for a retracement into the 50%-61.8% Fibonacci Level which lines up with a 4 hour demand level in addition to AU making a new higher high. So I am looking for a small correction and proceeding back up. So I'm looking to continuing to go long on this pair unless supply structure is broken on a higher TF.

Trade ist aktiv:

Up about 40 pips on this trade. I did take half of my size off. Did enter in around the 50% mark which lined up with a demand level, trend line as extra confluence.

Kommentar:

I think possibly we may be in a trend change. I don't see any higher highs on larger TF.