Entry: 0.6727
Stop Loss: 0.6800 (73 pips above entry)
Take Profit: 0.6600 (127 pips below entry, offering a 1.7:1 reward-to-risk ratio)
Reasoning:
With global risk-off sentiment growing and commodity prices showing signs of weakness, AUD/USD could face further downside pressure. This setup capitalizes on potential bearish momentum, offering a strong risk-to-reward opportunity.
Stop Loss: 0.6800 (73 pips above entry)
Take Profit: 0.6600 (127 pips below entry, offering a 1.7:1 reward-to-risk ratio)
Reasoning:
With global risk-off sentiment growing and commodity prices showing signs of weakness, AUD/USD could face further downside pressure. This setup capitalizes on potential bearish momentum, offering a strong risk-to-reward opportunity.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.