This pair finally saw a push down after a week of Aussie Strength.
I am looking for a slight push back up to test the flat edge of the kumo.
These areas typically act as a strong resistance and I am looking for a decent rejection to help confirm this bias.
If we can get that rejection candle or a strong hold there, then I will sell down to my overall price structure target I've laid out.
I've also drawn several partial take profit levels to aim for along the way.
If we fail to get the rejection at the kumo, or if our bearish confirmations change, this setup may become invalidated.
I am looking for a slight push back up to test the flat edge of the kumo.
These areas typically act as a strong resistance and I am looking for a decent rejection to help confirm this bias.
If we can get that rejection candle or a strong hold there, then I will sell down to my overall price structure target I've laid out.
I've also drawn several partial take profit levels to aim for along the way.
If we fail to get the rejection at the kumo, or if our bearish confirmations change, this setup may become invalidated.