AUD reversal soon?
As the Accumulation and Manipulation are going thru, it seems obvious that the liquidity grab will provide a strong move upwards, although it is possible that a big resistance barrier on the 4H TF may definitely be a very strong barrier that sellers don't want to accept being broken.
A trade idea with a bigger risk is to get the trade after the retest (be careful of the liquidity grab, using for this a major fast wick followed by a bullish engulfing candle), that will take the trade, at least, to the 4H barrier around the Psychological Level 0.67250.
A less riskier should be to grab the trade after the resistance level (marked by me as a green area) and after the complete retest of that resistance as a new 4H TF support.
A trade idea with a bigger risk is to get the trade after the retest (be careful of the liquidity grab, using for this a major fast wick followed by a bullish engulfing candle), that will take the trade, at least, to the 4H barrier around the Psychological Level 0.67250.
A less riskier should be to grab the trade after the resistance level (marked by me as a green area) and after the complete retest of that resistance as a new 4H TF support.
Feragatname
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