On the AUDUSD I had a trade based on this earlier today, which just got stopped. Now I'm looking to enter long, based on the breakout of the . The price indicates future possible
Please wait for a confirmation of the breakout (i.e. a close of the daily candle) before entering.
Where would I place my stop loss? Around the 0.72650 area.
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis: