AUDUSD LONG TRADE
We are currently seeing the AUDUSD recover from the big drop in March, and i am expecting the price to rally back to the 200 MA on the daily chart which is around 0.67000
Price has also formed a second bull flag pattern on this big pullback, and the first one turned out perfectly, so we can now buy the breakout from the new bull flag pattern, and hope for the same outcome.
Risk to reward should be around 1/3
Good luck!
Price has also formed a second bull flag pattern on this big pullback, and the first one turned out perfectly, so we can now buy the breakout from the new bull flag pattern, and hope for the same outcome.
Risk to reward should be around 1/3
Good luck!
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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.