Is AUD/USD going to fly?
We can observe a descending wedge from the 4H chart and scaling down to the 1H chart, we can see a breakout of the wedge pattern.
It is important to observe the price action as prices could rebound after a retest of the trendline
Upside targets:
TP 1 - 0.78470 [1.618 fib. extension and 0.618 fib. projection]
TP 2 - 0.79070 [-0.618 & 2.618 fib. extension and 1.0 fib. projection]
SL: 0.76875
An entry from the retest (if any) and reaching TP 2 would give a nice risk-reward ratio of around 3.
Disclaimer: Content discussed is for informational purposes only and shall not construe an offer or solicitation to engage in any activity regarding the subject matter.
It is important to observe the price action as prices could rebound after a retest of the trendline
Upside targets:
TP 1 - 0.78470 [1.618 fib. extension and 0.618 fib. projection]
TP 2 - 0.79070 [-0.618 & 2.618 fib. extension and 1.0 fib. projection]
SL: 0.76875
An entry from the retest (if any) and reaching TP 2 would give a nice risk-reward ratio of around 3.
Disclaimer: Content discussed is for informational purposes only and shall not construe an offer or solicitation to engage in any activity regarding the subject matter.
交易結束：達到停損點
SL has been hit. Moving on to the next trade!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。