Hi, Australian Dollar shown strong bullish structure and now we may see a correction as price now has entering consolidation phase.
As now not much confluences to taken of, but we can see a point of interest at 0.772. We may set alert at those prices when the market reach there and look for more confirmation to buy.
For now we can place Buy Limit at 0.772 or just take this prices level in our watchlist.
Risk to Reward ratio 5:1 or 3:1
SL around 30-40pips
Use proper risk management and trade at your own risk.
Goodluck :D
As now not much confluences to taken of, but we can see a point of interest at 0.772. We may set alert at those prices when the market reach there and look for more confirmation to buy.
For now we can place Buy Limit at 0.772 or just take this prices level in our watchlist.
Risk to Reward ratio 5:1 or 3:1
SL around 30-40pips
Use proper risk management and trade at your own risk.
Goodluck :D