Good morning. We've been looking at Buy setups and we have 1 more hour to complete a fractal setup for buy, which is very close to last week, support.
If you were following you notice we got in too early in our first few trades so getting in now requires 1) a larger stop loss which may be bigger than what is anticipated or 2) a Smaller position size which may affect your profit margin. Once the four-hour fractal is completely set up, we'll have a good indication that this week is for BUYS. PS note that AUDUSD is very volatile and you are recommended to have stop losses big enough for the swings.
We didn't just come up with this analysis using this current market view to get the broader picture please check out the linked posts.
If you were following you notice we got in too early in our first few trades so getting in now requires 1) a larger stop loss which may be bigger than what is anticipated or 2) a Smaller position size which may affect your profit margin. Once the four-hour fractal is completely set up, we'll have a good indication that this week is for BUYS. PS note that AUDUSD is very volatile and you are recommended to have stop losses big enough for the swings.
We didn't just come up with this analysis using this current market view to get the broader picture please check out the linked posts.
