AUDUSD Long

19 Des 2019

This is breaking out of solid resistance and a wedge. I am looking for it to pull back and retest the current 38.2 fib level as well as the resistance (top of the wedge) which will now turn into support. That is where I will buy with a bullish candlestick pattern with my stop back into the wedge at the 88.6 fib level and a take profit of the -61.8 fib take profit level. I am looking for it to hold that forming ascending trendline and bounce along that to my take profit.