Weekly Structure - Downtrend
Daily Structure - Downtrend
AUD-USD has been moving lower since the begginning of the year until reached 0.64300. The price has now broke the daily trendline and havo also created a inverted Head and Shoulders. Price has now move back to the trend but is testing a strong resistance and support zone creating now a new support. Let's wait for the candle to close and see the price action to decide to go Long.
TP1 - 0.66400
TP2 - 0.66750
TP3 - 0.67500
SL - 0.65588
R/R - 4,85
Good Luck
Daily Structure - Downtrend
AUD-USD has been moving lower since the begginning of the year until reached 0.64300. The price has now broke the daily trendline and havo also created a inverted Head and Shoulders. Price has now move back to the trend but is testing a strong resistance and support zone creating now a new support. Let's wait for the candle to close and see the price action to decide to go Long.
TP1 - 0.66400
TP2 - 0.66750
TP3 - 0.67500
SL - 0.65588
R/R - 4,85
Good Luck
Note
You can put Stop Loss at entry and let it run a free risk trade.Note
Trade Closed at break evenNote
Loss 33 Pips
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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.
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.