Price moved down a lot therefore leaving imbalance in price, now we seen price make an impulsive move giving a clue that price could start breaking the weak structure to incentivize Buys which will rebalance price. (Profit target 1.94500)
Note
Up 35 pips got wicked in nicely.. it can potentially aggressively move up.
Note
Price might hunt the low one more time price took too long to move up I would close or close a partial.
Note
I am holding it personally.
Note
Holding the trade still I will consider putting my stop loss at break even during AUD News at 9:30 EST.
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.