AUD/USD possible pivot area...
AUD/USD just had a strong dump after breaking 4H structure to the upside. I see that as a pullback to an order bloc zone. The one I was looking at was a 5 minute bloc. Price held structure and wicked out on most timeframes after bouncing exactly off of the previous 5 min bloc. I got a late entry cuz I wasn't in front of my chart. But I still have a 20 pip stop. Looking to swing this position toward .7300 or higher, which is in-line with the 4H/Daily upward channel. Big FED announcements are planned for next Wednesday, so if price starts to just go sideways I may exit and look for re-entry on news next week. Lets see how this plays out!
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