GOOD EVENING, HERE IS A GREAT SETUP ON AUDUSD, CURRENT DAILY CANDLE IS FORMING A INVERTED HAMMER WHICH CONFIRMS STRONG BEARISH PRESENCE AFTER AN INDECISION CANDLE, IF FINISHES LIKE THIS CONFIRMS ENTRY,PRICE IS CURRENTLY AT THE POSITION OF FORMING THE RIGHT SHOULDER AND DROPPING TO THE NECKLINE OR BELOW, FOR THIS TO BE A GOOD RISK/REWARD SETUP WOULD HAVE TO BE BELOW NECKLINE. I HAVE MARKED UP MY IDEAL ENTRY POINT WITH STOP LOSS AND TP TARGET.AS WE ARE COMING TO THE END OF THE WEEK WE COULD SEE A PRICE RETRACE TO THIS ENTRY POINT BUT MORE LIKELY NEXT WEEK, EVEN IF IT DOESN'T TAKING THE POSITION FROM DAILY CLOSE IF REMAINS LIKE THIS IS FINE JUST RR IS LOWER AND STOP LOSS IS HIGHER BUT STILL A STRONG SETUP.
