AUDUSD LONG
AUDUSDAUDUSD is in a channel on the 1 HR Timeframe. I would not trade solely on this pattern HOWEVER the price is also nearing a zone/support and the Rsi/stochastic is below the 30 level just backing up the long bias. Enter only if we can get a 3rd confirmation such as a Candlestick pattern (engulfing/doji)
SL is 15 pips TP is 80
1/5 Risk to Reward Ratio
Merry Xmas ladies and gents ;)
Note
COMMENT dow below your THOTS ehehe
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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.