This is a very high confluent trade with fundamentals to back it.

1. SSI Index showing high percent of retail traders short
2. Just completed D of a AB=CD pattern
3. At the .618 fib level of the last leg
4. Holding support at a prior resistance area.
5. Divergence of the 4 hour
6. Also, you can see the trendline is holding as well
7. AUD news coming in about 24 hours, which should send the AUD down.

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