AUDUSD 11/28/2019

Wasn't going to trade today but I couldn't help myself on this one. Confluence was too compelling IMO. Laying fibs on the Daily uptrend from last month, we see a daily level lining up with the 0.618 Fib. This level has also collected quite a few swing points on the hourly chart, which means liquidity was building up underneath this level for some time. We've managed to run the liquidity (black box) and actually had a Bullish Engulfing (arrow) take us out of that zone. The engulfing printed at 5am but I did not notice it as I was viewing the market from my phone. I entered now that I came and sat at my desk. Happy Thanksgiving everyone, let's get this bread.