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
Commento:
You can put Stop Loss at entry and let it run a free risk trade.
Commento:
Trade Closed at break even
Commento:
Loss 33 Pips