We have a Rising Wedge possibly nearing break on ADAUSD pairing on the 4HR chart. This shows a down move is likely, and after a reak we can expect the height of the pattern as our move. Multiply this by our chances of actually reaching that target (0.63 or 63%) to get our actual TP point.
Entry: After close beyond pattern , or for fully confirmed wait for a full bar to open and close beyond the pattern. TP: 0.0305949 * 0.63 = 0.019274787 from break point. SL: Previous swing high point or around 0.01142 R/R: ~2.1-2.4 depending on entry point.