AUD/USD 1-DAY Chart Pattern ---

Pair: AUD/USD
Trade Setup( BUY )

Pattern Type: Likely a Harmonic or Corrective Wave Pattern

Entry Target Zone: Highlighted by the red resistance zone, marked with a black arrow

Entry Point: Around 0.6650 - 0.6680 (based on chart visual estimate)

Stop Loss: Just above the resistance zone (~0.6700)

Take Profit Levels:

TP1: 0.6500

TP2: 0.6400

TP3 (extended): 0.6300




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⚖️ Risk/Reward Ratio:

Assuming:

Entry: 0.6660

Stop Loss: 0.6700 (40 pips risk)

TP1: 0.6500 (160 pips reward)


Risk/Reward = 1:4
(Potential for even better R/R if targeting lower TP levels)


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🔍 Technical Notes:

Price rejected from prior resistance level

Price action below Ichimoku Cloud

Bearish momentum forming lower highs

Clean R/R setup with a tight invalidation level