AUDUSD potential buy
With the recent push down of the US index there is a high probably of buying momentum in the Aussie dollar due to weaker US data yesterday.
With the SMC indicator in the 4hr time frame we can see a rejection of price to the downside while breaking thought the PML.
In my opinion it will race towards TP1 which is a good place to exit since there is an orderblock at that level. If it breaks through that Orderblock you could wait for a pullback & enter to play for TP2 & TP3 or simply just trailstop each time it breaks past a TP level till you get stopped out.
With the SMC indicator in the 4hr time frame we can see a rejection of price to the downside while breaking thought the PML.
In my opinion it will race towards TP1 which is a good place to exit since there is an orderblock at that level. If it breaks through that Orderblock you could wait for a pullback & enter to play for TP2 & TP3 or simply just trailstop each time it breaks past a TP level till you get stopped out.
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