Trade idea - AUDUSD Long
1H
Corrective approach towards entry zone.
Market moving in Bull Flag formation.
-27 Fibonacci completion aligning with entry zone.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Corrective approach towards entry zone.
Market moving in Bull Flag formation.
-27 Fibonacci completion aligning with entry zone.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Note
MONTHLY
Bullish M pattern potentially in play.
Clear support & resistance zone is there.
Note
WEEKLY
Double bottom pattern can be in play.
Clear support & resistance zone is there.
Note
DAILY
There is a possibility that pattern within pattern plays out.
Inverse Head & Shoulders, Bullish M.
Clear support & resistance zone is there.
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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.