Invictavis

Long-Term Triangle Formation on AUDUSD (500+ Pips)

FX:AUDUSD   Australian Dollar / U.S. Dollar
Hey all, what we have here today is a long-term idea that revolves around an apparent triangle formation on the AUDUSD             pair. Triangles do not usually tip their hand about which way they plan to move until the price is already in motion, so we can be prepared for both scenarios by setting up two possible plays. Of course this being a long-term idea, the entry points are subject to change. As a result, I will be watching this pair carefully over the next few months and will plan accordingly.
Comment: Target 1 reached
Comment: Target 2 reached
Trade closed: target reached: Target 3 reached; Idea complete for a total of 350 pips
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