For next week, I am expecting bullish moves on AUDUSD with a target at 0.66875. The trigger for this trade will be a test of the daily FVG at 0.65559. I expect to cascade this trade with FVGs setups on the 4HR timeframe.
Note
AUDUSD is moving as planned. The retest of the 0.65559 occurred earlier than I expected. I expected this to occur on Tuesday to form the low of the week. Now we have a CISD at 0.65683. The first entry can be done now, and I will add to my position if I see a formation and retest of a 1-hour FVG.Note
If I am stopped out, I will used Arjo's 2CR strategy to valid or invalidate a re-entry.Note
AUDUSD stopped me out for a loss.
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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.