AUD- cease the opportunity if it presents itself

This can be a very good trade, look for a breakout and a retest of the structure shown.

Huge divergence
Falling wedge
Accumulation at the zone
Very bullish Engulfing on 4h
Multiple higher lows made
DXY is falling

Watchout for the event in 2 hours which could make this pair spike


Alternatively it could drop to the daily trendline, therefore we must monitor the break out (IF it breaks out)

Trade ist aktiv:

Trade is 60 pips into profit, I personally take half a position around here and then let the rest ride with SL on break even.

Kommentar:

Flying