Fakeout Play on AUDUSD If Last Friday's Levels Hold

8 Mar 2021

See Signposts for key price action details. Additional details to note:

• Plan position size accordingly as this is the market open.
  
• Be sensitive to DXY as several fundamental factors are driving a stronger US dollar at the start of this week.
  

8 Mar 2021

Not

Note: Ideas published represent my viewpoints on anticipated structural directional moves. I do not post trade parameters (i.e. entry, take profit, stop loss, alternative exit points, etc.) as actual execution may differ from the respective trade idea published. My trades evolve around my expectancy with certain planned R-multiple and win rate. Use at your own discretion.