Entry: 0.6727
Stop Loss: 0.6800 (73 pips above entry)
Take Profit: 0.6600 (127 pips below entry, offering a 1.7:1 reward-to-risk ratio)
Reasoning:
With global risk-off sentiment growing and commodity prices showing signs of weakness, AUD/USD could face further downside pressure. This setup capitalizes on potential bearish momentum, offering a strong risk-to-reward opportunity.
Stop Loss: 0.6800 (73 pips above entry)
Take Profit: 0.6600 (127 pips below entry, offering a 1.7:1 reward-to-risk ratio)
Reasoning:
With global risk-off sentiment growing and commodity prices showing signs of weakness, AUD/USD could face further downside pressure. This setup capitalizes on potential bearish momentum, offering a strong risk-to-reward opportunity.
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