I previously marked up a bullish opportunity and i have attached the analysis below. Since then, price traded higher and has retraced into what i would see as a flat correction. From this point on, price has the potential to move bearish toward our take profit at 0.70752 The stop loss has been placed at 0.69010 creating an opportunity with a 1:2 risk to reward ratio.
Entry - grey line Stop loss - red line Take profit - green line risk exposure 1%
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Trade active
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Trade closed manually
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AUDUSD is currently showing strong bearish momentum/potential. Trade has been closed at minimum loss.