AUDUSD 4th Wave Correction
Updated
Figure recent AUD highs are the top of a 3rd wave. In addition we have RSI divergence so with that in mind sell set at 0.7545 with scope for moves into 0.7250
A TP at 0.7390 allows for 3.3:1 reward:risk
Higher into 0.7590 is a good place to look for a 3x reversal for break even or profits into 0.7750
A TP at 0.7390 allows for 3.3:1 reward:risk
Higher into 0.7590 is a good place to look for a 3x reversal for break even or profits into 0.7750
Note
Stop Loss moved to break evenNote
50 pips away target so moving stop loss / save profit to 0.7485Currently +124pips vs 50pip risk
Trade closed manually
Closed at 0.7485 (+60 pips)
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