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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