Today I bring AUDUSD . This is a follow up on an idea that I have recently sheared titled "Aim-High"
• AUD didn't push UP the same time as expected but instead continued to go down correctively to form a larger descending type correction. • Nothing much has changed on the HTF as we seem to have just got our strong reversal impulse to the upside . • We did eventually break out to the upside and formed a LTF continuation correction after the breakout. (See analysis here HTF: LTF : )
• I didn't however get into this pair specifically but got into NZDUSD which had the same setup (See analysis here. HTF: LTF : TRADE : )
• Nothing much has changed as I am still looking for more upside potential. •I would like to see another continuation correction , it could be much deeper (or not) which will allow me to either scailin an Entry onto my previous trade now that I removed risk off the table . • Alternatively if I don't get that correction I will be more then happen to stay out and reassess the chart for further development.
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