Long AUDUSD
- 4H 38.2 rejected, sellers exhaustion on 4H, Daily support (confluence) rejected
- Potential inverse H&S forming on H4, with bullish reversal candlesticks on the Daily timeframe
- Target 1 is -27.2 fib based off of the 4H
- Target 2 is -61.8 fib based off of the 4H
Risk reward = > 4 to 1
Risk management = .30 per $1000
- Potential inverse H&S forming on H4, with bullish reversal candlesticks on the Daily timeframe
- Target 1 is -27.2 fib based off of the 4H
- Target 2 is -61.8 fib based off of the 4H
Risk reward = > 4 to 1
Risk management = .30 per $1000
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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.