KhaleemAli

AUD/USD LONG - HH HL/Wedge/Hammer

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
65 views
4
the pair has been making choppy 4HR HH and HL's, it has just been rejected from pushing through the wedge trend line to the downside on the 1HR and 4HR time frames, two hammer candles have been created rejecting price going to the downside, I am anticipating the price in the long term to head to 0.7950 ad the price has broken through the monthly CTL. But first targets are for the high of the current trend to be conservative although it may take a while longer than usual to hit TP for a 4HR trade.

TP @ 0.77300
SL @ 0.76530
R/R @ 3.5

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