AUDUSD DAILY IDEA
Updated
1. (IF) Price Respect this confluence area more than twice, price close below the 78 with a candle lower then the previous candle and with a New LL we can look for price to change .
2. (IF) Price break and close above the 78 and close with a retest looking for price to continue make HHs and HLs
If price breaks up to the upside, i would like for it to hit target 2 or a little above target 2 . The market is in a correction state. So there is opportunity to ride this up but with caution.
Either way, still don’t know what the market is going to give so to what’s going on.
2. (IF) Price break and close above the 78 and close with a retest looking for price to continue make HHs and HLs
If price breaks up to the upside, i would like for it to hit target 2 or a little above target 2 . The market is in a correction state. So there is opportunity to ride this up but with caution.
Either way, still don’t know what the market is going to give so to what’s going on.
Note
Looking for price to hit this level 2 target if it breaks the daily trend and close above it then I'll be looking for price to comes up shy or top the level of resistance and make it's way back down. This could be a probability but open to other forms of probability factors.
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