The AUDUSD pair has been trading in the downtrend channel since forming the double top. Recent breakout to the upside of the channel has formed a possible inverse head and shoulders, meaning the pair could see upside in the near future.
entry on a retest near the 0.73 area aggressive entry 0.727
Stop - 0.716 (below right shoulder)
TP - 0.757
Risk reward: 2.89
Will be looking to see if entry conditions present following Mondays session.
entry on a retest near the 0.73 area aggressive entry 0.727
Stop - 0.716 (below right shoulder)
TP - 0.757
Risk reward: 2.89
Will be looking to see if entry conditions present following Mondays session.