AUD/USD 4HR Consolidation Breakout Entry (Wait For Retest)

2019年5月13日

We have been in a strong consolidation period for over a few weeks now with AUD/USD. We can see the market has potentially presented its hand on the market direction but do not rush into this trade. I will be looking for a retest of this consolidation area with a clear rejection and a rejection of the EMA's for a confirmed breakout and confirmed entry into a bearish market. Rememeber to always wait for the market to present its hand.