AUDUSD (1D): Asymmetric Triangle Break?

AUDUSD
Timeframe: 1D
Direction: Long

Confluences for Trade:
- Asymmetric Triangle Breakout Likely
- Close to Double Bottom Resistance Line at 0.7040 levels
- Elliot Wave count looks complete and may start doing an ABC wave up

You can be patient and await further confirmation for bullish candles before entering.

Suggested Trade:
Entry @ Area of Interest 0.7015 -0.7190
SL: 0.6947
TP: 0.7574
RR: Approx. 2.73 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Comment:

Close half the position and lock in the profit.

Move SL to BE and run the remaining position totally risk free. :D