I previously marked up a bullish opportunity and i have attached the analysis below. Since then, price traded higher and has retraced into what i would see as a flat correction. From this point on, price has the potential to move bearish toward our take profit at 0.70752
The stop loss has been placed at 0.69010 creating an opportunity with a 1:2 risk to reward ratio.
Entry - grey line
Stop loss - red line
Take profit - green line
risk exposure 1%
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The stop loss has been placed at 0.69010 creating an opportunity with a 1:2 risk to reward ratio.
Entry - grey line
Stop loss - red line
Take profit - green line
risk exposure 1%
Follow my telegram channel @Thebricklayers
Instagram @Thebricklayer__
And obvz be sure to hit that follow button on here :)
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AUDUSD is currently showing strong bearish momentum/potential. Trade has been closed at minimum loss.
