AUDUSD breaks double bottom on the 38.2% Fibonacci retracement
🚀Price has formed a double bottom around the 38.2% Fibonacci retracement level. The 15:00 candle confirms bullish strength. If this structure holds, the price may extend to retest yesterday’s high.
🔍 Trade Setup
Entry limit: [0.64686]
Stop Loss: [0.64455]
Take Profit: [0.64317]
Risk/Reward: ≈ [1:1]
💬 What do you think?
Are you also long on AUDUSD?
Share your thoughts in the comments 👇
🚀Price has formed a double bottom around the 38.2% Fibonacci retracement level. The 15:00 candle confirms bullish strength. If this structure holds, the price may extend to retest yesterday’s high.
🔍 Trade Setup
Entry limit: [0.64686]
Stop Loss: [0.64455]
Take Profit: [0.64317]
Risk/Reward: ≈ [1:1]
💬 What do you think?
Are you also long on AUDUSD?
Share your thoughts in the comments 👇
Trade closed: target reached
The idea played out as expected, but the entry was not activated. No position was taken. Monitoring for the next setup.🚀
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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.