EUR/AUD FIB RETRACEMENT

Right now the pair has pulled back to a 38.2% retracement level. If the pair bounces back towards the downtrend, we can open our position.

With a TP level of 1.615
And a SL of 1.631, in case the pair does indeed pull back to 61.8%

Always wait for confirmation before entering a trade.

Let me know what you think in the comments!