AUDUSD just broke out from its daily trend line, but in 1h chart, its showing overbought level with divergence. also it is at its PRZ for a bearish AB=CD pattern with a 1.618%AB extension.we could see a possible pull back at the beginning of the weak, and change our position once with reach our buy zone.
risk reward wise 1:2 for initial tp and at least 1:4 to our secondary target price.
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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.