AUD/USD bull is about to enter the market
In 31st Oct, the candle has been form a hammer candle on the orange resistance rectangle, which means there is a possibility of changing direction from downside to upside.
Stoch RSI is crossed, which means the buying momentum is about to pump.
Buy entry is in. SL: 0.6525, TP 0.681. The reason of TP @0.6810 is seemed going to form head and shoulders pattern. Usually, left shoulder is the same level on the right shoulder. Therefore, this price point is the best for TP.
This swing trade could take 3-4 weeks to play out.
Remember the rule only risk 1% and reward 3-6%.
Good luck with trading and have a good weekend.
Stoch RSI is crossed, which means the buying momentum is about to pump.
Buy entry is in. SL: 0.6525, TP 0.681. The reason of TP @0.6810 is seemed going to form head and shoulders pattern. Usually, left shoulder is the same level on the right shoulder. Therefore, this price point is the best for TP.
This swing trade could take 3-4 weeks to play out.
Remember the rule only risk 1% and reward 3-6%.
Good luck with trading and have a good weekend.
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