Australian Dollar intra day?

Good morning Dynamic Traders,

Today I thought I would show a possible trade for the intraday people who read the blog.

The chart below is of the AUDUSD on the 60 minute timeframe, and currently is at former resistance whilst being in a consolidation.

This area is also at a fibonacci cluster level from its previous uptrend and current downward movement, and I am being aggressive here for the long entry.

It may be a possible end of wave 4 area on this timeframe with also a tagging of its V.I.

The shorter term trend is up and the image below does have several good confluences for you to find whilst doing your own analysis.

Charts courtesy of AdvancedGet.

Enjoy your trading and remember your goals.

Clayton Farnworth.