Hey traders! Aussie is showing some signs of strength into the new month as it tries to reach for some of those missed pivots. I like the signs we're seeing here with the initial bullish impulse. I want to be cautious, however, since the overall momentum is down. I like the long position over that strong resistance area to ensure the momentum has shifted. Otherwise, no trade. Cheeers!
Trade active
Solid impulse through buy stop and we have a nice powerful Wave-((iii))-of-C in the works. +40 Pips. Moving SL to breakeven. Good luck all!Trade closed: target reached
Target has been reached on initial trade idea, however I have added to the position and am still long. All future updates will be provided here:Note
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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.