Entered this trade based upon several different factors all stated below.
1. Market seem like it was finding trouble breaking structure at @0.78 Seems as if there was a accumulation of orders in this region
2. This was then confirmed by the recent daily pinbar rejection suggesting short / long term potential bullish movement in the market
3. We then scaled into the lower timeframe to find a entry reason in which i established a descending trendline / flat bottom triangle being broken this was a signal to go long
4. Pinbar rejection after the breakout for precise entry
5. Plus EMA's on 2H crossover to the upside
. Targets as based upon most recent structural level on Aussie.
1. Market seem like it was finding trouble breaking structure at @0.78 Seems as if there was a accumulation of orders in this region
2. This was then confirmed by the recent daily pinbar rejection suggesting short / long term potential bullish movement in the market
3. We then scaled into the lower timeframe to find a entry reason in which i established a descending trendline / flat bottom triangle being broken this was a signal to go long
4. Pinbar rejection after the breakout for precise entry
5. Plus EMA's on 2H crossover to the upside
. Targets as based upon most recent structural level on Aussie.