Price Action On AU / BullishLooking at previous structure of price for AUD/USD I have marked on this chart
my higher highs, higher lows for previous bull trend as well as lower lows and lower highs for bear trends (D & 4H) with the rectangle blue boxes
January 15 2016 prices reached a low at 0.6829
deep re-tracement a few months later May 2015 20-June 02 Price retraced at 0.7163 never breaking the previous support
later that year price also retested that same support level in December 20 2016 - January 3 2017 then began its bullish trend again
Current - Price has rejected breaking a strong level of support 0.7328
waiting for a retest of the 0.7360 price before looking to go long on this trade
my bullish trend line is still valid
