setup ~ triangle breakout is being retested
trigger ~ break of new swing point high established on breakout of compression triangle
note : while overall trend maybe unclear, the 2 targets are within upwards channel
there was a bit of flutter and fast price action in response to RBA news at 12.30 et yesterday. Since i was in the trade - and the price action looked good i sat through the swings. Typically if my trade hasnt triggered atleast an hour before key news event i will cancel the order.
a tough trade to sit through - price action approached +50% move towards target and is retracing now ... needs to find support around 1.5025 ... will consider moving stops to break even to protect against downdraft ...