AUDUSD LONG
I am currently in a long trade on AUD/USD. This trade is based on a reversal from a significant daily support level. Although there isn't a distinct rejection candle on the daily chart, we are looking at the 1-hour chart where a head and shoulders pattern has formed. The neckline of this pattern has been broken to the upside, and we are now waiting for a retest before considering entry.
Entry: 0.6331
Stop loss: 0.6272
Take profit: 2424
Please note that the yellow zone represents our breakeven area. If the market price moves above this zone, we can consider moving the stop loss to secure the trade
Entry: 0.6331
Stop loss: 0.6272
Take profit: 2424
Please note that the yellow zone represents our breakeven area. If the market price moves above this zone, we can consider moving the stop loss to secure the trade
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