Aim High ,Now Higher
Hello everyone 👋
Today I bring AUDUSD .
This is a follow up on an idea that I have recently sheared titled "Aim-High"
• AUD didn't push UP the same time as expected but instead continued to go down correctively to form a larger descending type correction.
• Nothing much has changed on the HTF as we seem to have just got our strong reversal impulse to the upside .
• We did eventually break out to the upside and formed a LTF continuation correction after the breakout.
(See analysis here
HTF:
LTF :
)
• I didn't however get into this pair specifically but got into NZDUSD which had the same setup
(See analysis here.
HTF:
LTF :
TRADE :
)
• Nothing much has changed as I am still looking for more upside potential.
•I would like to see another continuation correction , it could be much deeper (or not) which will allow me to either scailin an Entry onto my previous trade now that I removed risk off the table .
• Alternatively if I don't get that correction I will be more then happen to stay out and reassess the chart for further development.
Thank you .
Today I bring AUDUSD .
This is a follow up on an idea that I have recently sheared titled "Aim-High"
• AUD didn't push UP the same time as expected but instead continued to go down correctively to form a larger descending type correction.
• Nothing much has changed on the HTF as we seem to have just got our strong reversal impulse to the upside .
• We did eventually break out to the upside and formed a LTF continuation correction after the breakout.
(See analysis here
HTF:
LTF :
• I didn't however get into this pair specifically but got into NZDUSD which had the same setup
(See analysis here.
HTF:
LTF :
TRADE :
• Nothing much has changed as I am still looking for more upside potential.
•I would like to see another continuation correction , it could be much deeper (or not) which will allow me to either scailin an Entry onto my previous trade now that I removed risk off the table .
• Alternatively if I don't get that correction I will be more then happen to stay out and reassess the chart for further development.
Thank you .
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