AUDUSD has been in an extended bullish move for the past 20+ days, as we are approaching a major level of structure (Support turned resistance) at around 0.75800 we expect a price to give us a bearish pattern in lower timeframes (preferably the 1hr-15min timeframe) and when everything meets our criteria to execute a trade, we enter with a desirable risk to reward ratio.
Some 450 pips are at stake if 1. The price actually reaches our projected target and 2. You actually have the patience to hold for an extended period of time.
I WISH YOU ALL THE BEST!!!
Some 450 pips are at stake if 1. The price actually reaches our projected target and 2. You actually have the patience to hold for an extended period of time.
I WISH YOU ALL THE BEST!!!
Trade closed: target reached:
We have reached our target after holding for nearly a month, some 420 pips banked!!!