AUDUSD Good buy signal
Based on the chart, price have reached a major support area and a rejection happened at this area which can be a sign of buyers at this area. Also a weakness on sellers is observable at this point.
So these scenarios lead me to be buyer at this area with a good risk/reward ratio which is around 1:3
Note: As always please take risk management rules into consideration before opening any position on the market!
Good Luck!
So these scenarios lead me to be buyer at this area with a good risk/reward ratio which is around 1:3
Note: As always please take risk management rules into consideration before opening any position on the market!
Good Luck!
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