FJTrading

AUDUSD LONG OPPORTUNITY

Long
FJTrading Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Extreme bullish harmonic impulse wave within a 88.6% retracement of 0-X leg, i think AUDUSD may reversal at 0.7496 zone, it's a good risk reward ratio, it need a CONFIRMATION first, confirmation will be RSI crossing 30 level, Min SL will be low of RSI confirmation candle, if there are not those conditions SIGNAL would be INVALID
Comment:
There is a AB=CD pattern on BC leg, PRZ is between 0.7497 - 0.7485, RSI >30 will be the trigger
Trade closed manually:
As RSI is at overbought conditions, you can close right now half of positions and update SL to 0.7528
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.