AUD- cease the opportunity if it presents itself
This can be a very good trade, look for a breakout and a retest of the structure shown.
Huge divergence
Falling wedge
Accumulation at the zone
Very bullish Engulfing on 4h
Multiple higher lows made
DXY is falling
Watchout for the event in 2 hours which could make this pair spike
Alternatively it could drop to the daily trendline, therefore we must monitor the break out (IF it breaks out)
Huge divergence
Falling wedge
Accumulation at the zone
Very bullish Engulfing on 4h
Multiple higher lows made
DXY is falling
Watchout for the event in 2 hours which could make this pair spike
Alternatively it could drop to the daily trendline, therefore we must monitor the break out (IF it breaks out)
Trade active:
Trade is 60 pips into profit, I personally take half a position around here and then let the rest ride with SL on break even.
Comment:
Flying