All Targets hit again after 84.000 was easily hit and pushed to 84.500. These 130 pip pushes aren't unprecedented since the Weekly Resistance needed to be broken. My new Overall Target is 88.500 which may be hit by the middle or end of March. I do not believe the bullish pressure will slow down as there is a new Resistance to reach and weekly correction needed to be completed. If price creates structure over 84.000 I will look to buy and my first TP will be 85.000 and so on. If price consolidates it will be looking to make another push in either direction since this Week and the first week of March will be a lot of news for Audjpy so pay attention at Sydney sessions as big pushes usually occur at that time and London + New York crossover. If multiple lower highs are formed on the 1 to 4hr I will look to sell for short term. Keep on the lookout for updates from me.
Trade closed manually:
Price hit 84.945 and I exited at 84.900. Lower highs were formed and I looked to sell. The reason being is the monthly and weekly candle close in 2 days and we have been met with strong seller momentum. Such a strong reaction has lead me to engage in sells. In these markets you follow the trend but always take what the market gives and never force it.
Comment:
Looks like price will be going for a correction before deciding to continue the trend.In these the market conditions take what the market gives you and do not be bias. I got out of buys and engaged in sells.