AUDUSD (1D): Asymmetric Triangle Break?
Updated
AUDUSD Timeframe: 1D
Direction: Long
Confluences for Trade:
- Asymmetric Triangle Breakout Likely
- Close to Double Bottom Resistance Line at 0.7040 levels
- Elliot Wave count looks complete and may start doing an ABC wave up
You can be patient and await further confirmation for bullish candles before entering.
Suggested Trade:
Entry @ Area of Interest 0.7015 -0.7190
SL: 0.6947
TP: 0.7574
RR: Approx. 2.73 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Note
Close half the position and lock in the profit. Move SL to BE and run the remaining position totally risk free. :D
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
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