This is setting up to a week of drawback and trend continuation setups!
We've broke above a strong level here with GBP/AUD, and I am looking for a drawback and a sign for a chance to buy.
If we can get the drawback and price action present us with a good chance to enter, I'll get long with the targets I've drawn out.
I am aiming for price structure highs as my overall target but I've drawn out several partial take profit levels along the way.
If we fail to get a drawback or good price confirmation for entry, this setup may become invalidated.
We've broke above a strong level here with GBP/AUD, and I am looking for a drawback and a sign for a chance to buy.
If we can get the drawback and price action present us with a good chance to enter, I'll get long with the targets I've drawn out.
I am aiming for price structure highs as my overall target but I've drawn out several partial take profit levels along the way.
If we fail to get a drawback or good price confirmation for entry, this setup may become invalidated.