Inverted hammer candle forming on the weekly's could be a great BUY from very long down trend where the AUD/USD was at 1.06
-divergent RSI
-hit oblique support
-looks like a fake break of 0.6720 strong level of support
I have bought from 0.6750 with my stops set at 0.6650 and TP1 at 0.70
-3.5:1 reward to risk
-divergent RSI
-hit oblique support
-looks like a fake break of 0.6720 strong level of support
I have bought from 0.6750 with my stops set at 0.6650 and TP1 at 0.70
-3.5:1 reward to risk
Trade closed manually:
trade moving mostly sideways, profit of 85 pips