Again, about the confluences. If you don't have confidence in a trade, how do you expect to hold it?
So lets count them:
Bullish Market Structure (MS) with the Ascending channel creating higher highs and lows
Daily Support
61.8% Fib on the most recent swing
200 EMA
800 EMA (not often these 2 are together)
Key Psychological number (1.80)
Fundamentals also support a stronger pound and weaker Auzzie this week.
1;14 RR!
So lets count them:
Bullish Market Structure (MS) with the Ascending channel creating higher highs and lows
Daily Support
61.8% Fib on the most recent swing
200 EMA
800 EMA (not often these 2 are together)
Key Psychological number (1.80)
Fundamentals also support a stronger pound and weaker Auzzie this week.
1;14 RR!