Figure recent AUD highs are the top of a 3rd wave. In addition we have RSI divergence so with that in mind sell set at 0.7545 with scope for moves into 0.7250
A TP at 0.7390 allows for 3.3:1 reward:risk
Higher into 0.7590 is a good place to look for a 3x reversal for break even or profits into 0.7750
A TP at 0.7390 allows for 3.3:1 reward:risk
Higher into 0.7590 is a good place to look for a 3x reversal for break even or profits into 0.7750
Note
Stop Loss moved to break evenNote
50 pips away target so moving stop loss / save profit to 0.7485Currently +124pips vs 50pip risk
Trade closed manually
Closed at 0.7485 (+60 pips)
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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.