Hey traders! Aussie is showing some signs of strength into the new month as it tries to reach for some of those missed pivots. I like the signs we're seeing here with the initial bullish impulse. I want to be cautious, however, since the overall momentum is down. I like the long position over that strong resistance area to ensure the momentum has shifted. Otherwise, no trade. Cheeers!
Trade active
⋅
Solid impulse through buy stop and we have a nice powerful Wave-((iii))-of-C in the works. +40 Pips. Moving SL to breakeven. Good luck all!
Trade closed: target reached
⋅
Target has been reached on initial trade idea, however I have added to the position and am still long. All future updates will be provided here: