Technically, the recent breakout of the D/H4 resistance zone + EMAs may be significant; the USD Index is bouncing from the 99 so it's possible that the AUDUSD could go north a little more. (1) I'll be waiting for a pullback to this zone (0.7635-0.7620) and looking for some reasons to buy; my target would be around the 0.7678-0.7683 zone.
Another way to play this is by noticing the recent inside bar; so, (2) the breakout of the "mother bar" would be the signal if the price doesn't retrace to the zone.
We'll have the CPI data from Australia in an hour or so. Be careful.
Another way to play this is by noticing the recent inside bar; so, (2) the breakout of the "mother bar" would be the signal if the price doesn't retrace to the zone.
We'll have the CPI data from Australia in an hour or so. Be careful.
Trade active:
Just before the CPI announcement, the price reached my support zone
Trade closed: target reached:
With the annuncement, my target was reached
