felix92

Short Term rally into previous structure resistance: AUDUSD

Long
FX:AUDUSD   Dollar Australien/Dollar Américain
2
The pair is currently in a consolidation ( see 4h channel as shown).

We saw a break above putting us in trend continuation mode.

The bullish gartley pattern lines perfectly with the 38.2% retracement.
Target 1 should be the channel at around (0.7477s)

Second TGT in anticipation of a breakout into previous resistance should be 0.7550s

Entry: 0.7450
SL: 0.7427
TGT1: 0.7477
TGT2: 0.7548
Remember, this is just a way to participate in a possible rally back into previous daily structure, while my overall bias on this pair is still short.
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