AUDUSD looking to hit the top of the descending channel and ascending channel with 3 touches and meeting with the S/R.
Gives me the strong idea that price will reach the touch zone and fall towards the downside. If my thesis is correct my set up is.
Entry: 0.69585
SL: 0.69780 (BREAKEVEN AFTER FIRST TP)
TP1: 0.6894(R/R 3.3)
TP2: 0.6832(R/R 6.5)
TP3:0.67290(R/R 11.7) - yearly low retest
Gives me the strong idea that price will reach the touch zone and fall towards the downside. If my thesis is correct my set up is.
Entry: 0.69585
SL: 0.69780 (BREAKEVEN AFTER FIRST TP)
TP1: 0.6894(R/R 3.3)
TP2: 0.6832(R/R 6.5)
TP3:0.67290(R/R 11.7) - yearly low retest
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.