dramadon

AUDUSD Long w/Price Action

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FX:AUDUSD   Dólar Australiano/Dólar Americano
Price has reached a strong resistance zone and has printed a nice bearish kangaroo tail(hehe) which means we can possibly see price retrace back to that beautiful 618 Fibonacci zone which is also a previous level of resistance. This level has yet to be tested as support so I do believe that price will come back to this level before continuing its bullish momentum. This actually wouldn't be a bad idea to go short right now at this very moment as I am typing this but if we follow the cardinal rule of trading with the trend, WE MUST GO UP!

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