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FJTrading
Apr 19, 2017 5:33 PM

AUDUSD LONG OPPORTUNITY Long

Australian Dollar/U.S. DollarFXCM

Description

Extreme bullish harmonic impulse wave within a 88.6% retracement of 0-X leg, i think AUDUSD may reversal at 0.7496 zone, it's a good risk reward ratio, it need a CONFIRMATION first, confirmation will be RSI crossing 30 level, Min SL will be low of RSI confirmation candle, if there are not those conditions SIGNAL would be INVALID

Comment

There is a AB=CD pattern on BC leg, PRZ is between 0.7497 - 0.7485, RSI >30 will be the trigger

Trade closed manually

As RSI is at overbought conditions, you can close right now half of positions and update SL to 0.7528
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