AUDUSD getting ready for a potential reversal
Updated
There's a pretty clear Ending diagonal pattern being created at the AUDUSD pair.
Savest way to take a long entry would be at the breakout of the channel.
Stoploss should be placed below the apex.
That would be a 2000+ pips trade.
Happy trading!
Savest way to take a long entry would be at the breakout of the channel.
Stoploss should be placed below the apex.
That would be a 2000+ pips trade.
Happy trading!
Trade closed manually
Unfortunately it went a bit further down before the next wave started
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.