Similar to AUDCAD as we see major pairs price action moving, we often see the minors moving in similar ways.
For those who missed structure based trade as the AUDUSD tested the previous structure level only to be rejected, we see another climb from this pair, by doing this we are presented with an advanced pattern forming.
As we can see major consolidation to the left - we may see another break above the B Leg and price rejection as we near this consolidation zone.
As always Entries stops and targets on screen,
Targets to be adjusted on clear D completion unless we violate X and get stopped.
Pattern will be invalid if we fall below A leg before a D completion.
Entry zone is quite large due to such a deep AB Move
Enjoy and happy trading
For those who missed structure based trade as the AUDUSD tested the previous structure level only to be rejected, we see another climb from this pair, by doing this we are presented with an advanced pattern forming.
As we can see major consolidation to the left - we may see another break above the B Leg and price rejection as we near this consolidation zone.
As always Entries stops and targets on screen,
Targets to be adjusted on clear D completion unless we violate X and get stopped.
Pattern will be invalid if we fall below A leg before a D completion.
Entry zone is quite large due to such a deep AB Move
Enjoy and happy trading