Hi one and all, (I'm confident it is just one reader, haha)
It's very rare I trade before the European open but I was watching the Aussie data release at 10.30 local time and I saw a nice setup and thought it was a good opportunity.
Here's the 15 minute chart showing price reaching the 85 EMA and also the cam level. I love these confluences.
On the pip range chart, price made a higher high whilst the AO didn't. The trade took an awful lot longer than I anticipated and teased me several times with 1.3945 area. I extended my original TP by 6 pips to 1.3937 for a nice +29 pip trade to start the day.
Plenty of data to come tonight/today.
It's very rare I trade before the European open but I was watching the Aussie data release at 10.30 local time and I saw a nice setup and thought it was a good opportunity.
Here's the 15 minute chart showing price reaching the 85 EMA and also the cam level. I love these confluences.
On the pip range chart, price made a higher high whilst the AO didn't. The trade took an awful lot longer than I anticipated and teased me several times with 1.3945 area. I extended my original TP by 6 pips to 1.3937 for a nice +29 pip trade to start the day.
Plenty of data to come tonight/today.
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