Capitalizing on a prime long entry for AUD/USD at 0.65816,
chosen at the 38.2% Fibonacci retracement level.
This entry is strategically strengthened by its proximity to the 100-period EMA at 0.6575, establishing a robust confluence of technical support.
The prevailing market trend showcasing higher highs and an anticipated minor retracement underscores the timing for this setup, optimizing it for capturing the dip with a superior risk/reward profile.
chosen at the 38.2% Fibonacci retracement level.
This entry is strategically strengthened by its proximity to the 100-period EMA at 0.6575, establishing a robust confluence of technical support.
The prevailing market trend showcasing higher highs and an anticipated minor retracement underscores the timing for this setup, optimizing it for capturing the dip with a superior risk/reward profile.