pull back expectancy for further trend continuation
AUDUSD
- I am observing an uptrend. as of march 17th we saw a clear impulse reaching to level of 0.61904 on the 27th of last month. a breakout occurred and last week i picked no trades as there was no specific setups but this week we are looking forward to a pull back to levels of 0.62434 & 0.62034 and once price reach this zone we are looking for some initiating movement to the upside and we are looking at far reaching target @ 0.66502 and 0.67041.
i might be tempted to pick a sell with the pullback but that might be detrimental however to wait is key so we will engage once the pullback is filled and some clear continuation patterns are presented