AUDUSD – Re-Entry

I’m currently long on AUDUSD and questioning whether to close my position after a day of consolidating.
– Overall I’m still bullish as I cannot see any concerning bearish divergences forming on RSI
– However RSI does seem to have formed cycle peaks on several timeframes so it is making me consider a pullback
– If a pullback is to occur I have included potential stalling points where I will consider ‘buying dips’
– The resistance area is clearly around 1.038-39 but if broken we may possibly retest the high around 1.07              
So I’m favouring buying any dips, or resetting my entry to enter above the 1.039 area with my stop beneath the congestion zone – whichever happens first! 

“Trade what you see, not what you think…”

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