Descending three touch Long

AUD/USDOANDA

Description

⋅ May 14, 2019 6:16 PM

Price makes a nice formation, descending channel after an aggressive drop. Price rejects on three touch pattern and we can get in trade. Long position with two targets:
1- Descending trendline
2- Top of the channel
Stop would be 20-25 pips below

Trend Analysis