AUDUSD longs after TL break
With the massive monthly bearish engulfing on DXY last month, all XXXUSD pairs should be good for longs over November if the set-up is right.
For AUDUSD I am waiting for the break of my descending TL and a correction/pullback/retest before going long for around 150pips to my next weekly resistance level @~0.70275.
Ideally I would like price, after breaking the descending TL, to retrace back to my Daily Order Block which has formed before looking for a long confirmation but I will be watching PA carefully as this looks to be a move I don't want to miss.
For AUDUSD I am waiting for the break of my descending TL and a correction/pullback/retest before going long for around 150pips to my next weekly resistance level @~0.70275.
Ideally I would like price, after breaking the descending TL, to retrace back to my Daily Order Block which has formed before looking for a long confirmation but I will be watching PA carefully as this looks to be a move I don't want to miss.
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