AUDUSD - Looks like the start of a decent correction

With the pair posting a higher low today of a 50.0 fib retracement, we can look to buy on a break and retest of the kumo cloud and backside of the descending trendline. A nice bullish engulfing candle was posted at the higher low....Keep your risk in check as the is a counter trend trade. We have a very good risk to reward ratio