Higher timeframe still showing Bullish structure, dropped down to hourly timeframe for a nice entry with 2:1 risk reward. Buy stop order used to make sure structure resumes and momentum continues bullish before entering.
My outlook on Aussie, awaiting a weekly close above 0.7730, strong Monthly psychological barrier. Then look to execute longs after a potential pullback as support before moving higher to complete the overall ABCD pattern at 0.8100.
First target 0.8050 (WEEKLY RESISTANCE)
Overall target 0.8100