Naked analysis: Break and Re-test for the continuation
Here as you can see the market break the resistance/demand and came with a pullback to retest the zone(now is support).
If you go to smaller timeframes you can see the corrective move that the market went for the re-test.
This month AUD showed a lot of strength and will continue the bullish move, until further notice.
This opportunity offer us to buy from the dips that means:
1) Small/Tight Stop Loss ---> Better Risk to Reward.
2) Less risk as the move to the re-test was correctively and not strong for reversal.
Soo don't let this beautiful opportunity untraded ! ! !
* If the market struggles to reach any take profit target, you can close your trade BUT always based on what the market is telling you (Price action).
If you go to smaller timeframes you can see the corrective move that the market went for the re-test.
This month AUD showed a lot of strength and will continue the bullish move, until further notice.
This opportunity offer us to buy from the dips that means:
1) Small/Tight Stop Loss ---> Better Risk to Reward.
2) Less risk as the move to the re-test was correctively and not strong for reversal.
Soo don't let this beautiful opportunity untraded ! ! !
* If the market struggles to reach any take profit target, you can close your trade BUT always based on what the market is telling you (Price action).