AUDUSD: The Setup That Didn’t Trigger - And What Happened Next

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AUDUSD: The Setup That Didn’t Trigger - And What Happened NextAustralian Dollar vs US DollarBLACKBULL:AUDUSDKenayiFollowing the failed setup on Friday 21st, where the Cycle window opened but the market never produced a valid trigger, AUDUSD gave us a different picture on the 24th. Two bearish topping setups developed and, this time, both produced the required confirmation and triggered. The result was a move lower into the projected Cycle low, where price is currently sitting. This is exactly why I separate the process into three stages: Cycle Analysis gives me the window. RSI confirms the setup. Price triggers the entry. On the 21st, the window was there, but the setup never matured into a valid trade. On the 24th, the market gave us the confirmation and the triggers - and price followed through into the Cycle low. The Cycle window tells me when to pay attention. RSI and price tell me when there is actually a trade to take.