ChartW1zard

Waiting for a retest

FX:AUDUSD   澳元/美元
Well this one doesnt look very much complicated to me. This is why i didnt go further down to the smaller time frames to see what is really happening. Theres only one thing that am looking for right now from this pair and it has not yet presented itself. Once price enters the retest zone, this is where i will be taking a look at the lower time frames to see if this area will be fit for a reversal or it will break through and retest the bigger time frame resistance zone. So i advice you to wait while price and clear patterns develop.

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