The Aussie gained a little bit of strength last week, pushing up and out of the kumo.
I am looking for a drawback for a chance to get into a bullish trend trade.
My ideal entry is at a drawback to price structure support as I've drawn out with a good support candle forming.
If that opportunity presents itself I will buy and aim for the major price structure target I've drawn out, as well as my longer term target at the bottom of a range bounce zone we had been stuck in for quite some time.
If this scenario fails to play out or a good entry does not present itself, this setup may become invalidated.
I am looking for a drawback for a chance to get into a bullish trend trade.
My ideal entry is at a drawback to price structure support as I've drawn out with a good support candle forming.
If that opportunity presents itself I will buy and aim for the major price structure target I've drawn out, as well as my longer term target at the bottom of a range bounce zone we had been stuck in for quite some time.
If this scenario fails to play out or a good entry does not present itself, this setup may become invalidated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.