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doctordrew77
Apr 15, 2021 7:57 AM

15 Apr '21: AUDUSD Entry (4H: 2/2) - REDO Long

AUD/USDOANDA

Description

This bullish, potentially engulfing candle on the 4H suggests I may still be behind the clock, chasing the entry. Further, the retest did not quite touch my monthly support line, as drawn (0.77057 vs. 0.77038).

Still, I'm banking on some consolidation on shorter time frames to get me back into my preferred entry positions. There is a modified, lower entry range and SL in the event the monthly support still breaks down.

Will zoom in one more time for more detail.

Trade closed: target reached

See 1D chart for more detailed comment.
Comments
doctordrew77
Looks like price returned to my support, but missed the official entry by just a few pips before pumping into a flag just over my TP1 and falling back to what appears to be a short-term support position. May be worth looking for a higher entry on a continuation pattern.
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