AUDUSD - Potential Short-term Contrarian Trade
Price action on 30 min periodicity is approaching the top of a short-term upward trend channel as well as longer-term resistance. The trade incorporates an acceptable Risk/Reward ratio, acknowledging existing support and resistance zones. The time frame target for trade development and completion is 2 - 4 days.
Stop Level - 0.7840/45
Entry - 0.7815
Profit Level (1) - 0.7769
Profit Level (2) - 0.77425
Stop Level - 0.7840/45
Entry - 0.7815
Profit Level (1) - 0.7769
Profit Level (2) - 0.77425