AUDUSD Potential Buy setup
Updated
Reasons for bullish bias:
- Price made an inverse Head & Shoulder
- Safe entry at breakout of HH (DOW theory)
- Price has bounced from strong support
- TP1 is at H&S projection
- SL will be moved to new HL once trade gets active
Entry Level: 0.65434
Stop Loss Level: 0.64850
Take Profit Level 1: 0.65704
Take Profit Level 2: 0.66005
Take Profit Level 3: Open
- Price made an inverse Head & Shoulder
- Safe entry at breakout of HH (DOW theory)
- Price has bounced from strong support
- TP1 is at H&S projection
- SL will be moved to new HL once trade gets active
Entry Level: 0.65434
Stop Loss Level: 0.64850
Take Profit Level 1: 0.65704
Take Profit Level 2: 0.66005
Take Profit Level 3: Open
Order cancelled
Price broke HL, trade was not triggered.
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