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Long AUDUSD on structure

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Dollar Australia / Dollar AS (FX_IDC:AUDUSD)  
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FX_IDC:AUDUSD   Dollar Australia / Dollar AS
AUDUSD australia Forex forextrading forextradingzones structure Fibonacci buysetup LONG
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audusd australia forex forextrading forextradingzones structure fibonacci buysetup long
I speculated that the RBA would cut rates at the meeting in the beginning of May and went short with a profit target of 73. This has almost been met, providing us with a buy opportunity at the very strong level of structure, indicated by the horizontal black line.

Could buy now or at 73.
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