Aud/Usd Retracement Due, Risisng Wedge Reversal Pattern Hour 1
On Aud/Usd we know a retracement is due and we have the reversal pattern setting up on hour 1! Trade the breakout of this reversal pattern by using your PENDING SELL ORDERS!!!!
Trade this reversal down to the .618 Fib Retracement Level!!!!!
DO NOT ENTER SELL NOW!!! This is not the correct way to trade!
Trade this reversal down to the .618 Fib Retracement Level!!!!!
DO NOT ENTER SELL NOW!!! This is not the correct way to trade!
Note
You can also go to min 30 if you like and trade the break out of the pattern to the downside! So after the big breakout and your sell limit order is triggered, a retest of the trend line usually happens and then another giant move down! give yourself at least enough Stop Loss so that the Retest does not take you out of the trade!
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