Found a very good risk and reward trade for audusd on 4H chart, 4 hour candle rejecting the 50% fibo pattern and at the same time the fibo 50% line which was a previous strong support have now become the resistance. This is combo combination of Support become Resistance and 50% Fibonacci retracement. looking at 250pips + or reward at 0 level fibo.
sl is always slightly above 61.8 fibo
sl is always slightly above 61.8 fibo
Trade active
trade active once the price closed below the 50% fibTrade active
currently runing with 50pips+, breakeven +1 to secure the capital and let it runNote
Halfway to TP
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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.