Hi Traders,
We have a rising wedge on AUD/USD 1D chart as well as possible distribution playing with the break of the wedge.
I have marked out entry points as well as SL and TP1, 2 and 3.
This would be a 1:9 trade if the SL is kept in tact.
it is important to note that the market could revers to 76662 or 7627 before starting its downward movement to the below targets.
Trade with caution and ensure you are managing the trade correctly using the correct risk management.
This is not financial advise and just my thoughts on the current and future PA.
We have a rising wedge on AUD/USD 1D chart as well as possible distribution playing with the break of the wedge.
I have marked out entry points as well as SL and TP1, 2 and 3.
This would be a 1:9 trade if the SL is kept in tact.
it is important to note that the market could revers to 76662 or 7627 before starting its downward movement to the below targets.
Trade with caution and ensure you are managing the trade correctly using the correct risk management.
This is not financial advise and just my thoughts on the current and future PA.