AUDUSD 4HR IDEA
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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