so Lots of AUD negative news has come out over the weekend which means we can expect the dollar to weaken compared to the pound.
as for the technical side i am predicting a gap at the sydney open and once the dust has settled hopefully a possible entry will arise and we can go long. the TP will be to go up the big wick. notice im not placing the TP at the top of the wick because there isnt enough bullish momentum to convince me it will go up that far.
im going to play it safe and wait for my alarm to trigger before i enter instead of using a buy limit so i can check the market structure to see if a long entry will be possible.
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