The aussie is showing bullish signs on the 15m and 1H chart despite being in a overall bear trend for the last couple of months. This provides us with an opportunity to either:
a) wait for reversal confirmation and get in a long swing trade or;
b) watch for a reversal in the short term trend and rejoin the bear
While I am keeping an eye on both options I am biased toward B with a profit target of 0.735. Am watching 15m and 1H for good entry signal. As always make sure RR makes entering the trade worth while.
a) wait for reversal confirmation and get in a long swing trade or;
b) watch for a reversal in the short term trend and rejoin the bear
While I am keeping an eye on both options I am biased toward B with a profit target of 0.735. Am watching 15m and 1H for good entry signal. As always make sure RR makes entering the trade worth while.
Order cancelled:
Entry signal never confirmed