AUDUSD Long Trade Setup

Hello traders.

I'm looking at long trade and I put an entry order above previous top with stoploss below previous bottom.
TP1 : 0.79200 (for running flat)
TP2 : 0.80500 (for expanding flat)
TP3 : 0.84500 (0.382 retracement of down impulse)

Trade active:

But I don't like how it reversed quickly. So, I'm waiting for a small correction, then I will remove my trade. But, if it goes up sharp, I will keep it.

Comment:

Trade is still on and I'm waiting a correction for more up side.

Comment:

Even if there is still a chance for one more drop, it looks like corrective structure completed as contracting flat. Now, I'm waiting for up impulse.

Comment:

It went up nicely. There isn'tt any divergence in 1H, but there is one in 15m. It can be an issue, we will see. Now there are 3 options:
(1) Structure between aqua lines can be running flat. In this case, it will go down and stop me out.
(2) It can make a deep correction for more upside.
(3) It can make a small correction for more upside.
At this point, I don't touch my stoploss, because I don't think first one will be the case and I want to protect my trade if it makes deep correction. If you don't like to keep the trade open with current risk, you can move your stoploss to breakeven.

Comment:

It's going up, but still there isn't enough momentum. I think it will make a deeper correction.

Comment:

Because of the sharpness of down move, I start to look at the structure between aqua lines as a running flat. It was always one of the possibilities but I wasn't expecting. Now I'm waiting for a correction to close my trade at least some profit.

Trade closed: stop reached