Is AUD/USD going to fly?

FX:AUDUSD   Australian Dollar / U.S. Dollar
We can observe a descending wedge from the 4H chart and scaling down to the 1H chart, we can see a breakout of the wedge pattern.
It is important to observe the price action as prices could rebound after a retest of the trendline

Upside targets:
TP 1 - 0.78470
TP 2 - 0.79070

SL: 0.76875

An entry from the retest (if any) and reaching TP 2 would give a nice risk-reward ratio of around 3.

Disclaimer: Content discussed is for informational purposes only and shall not construe an offer or solicitation to engage in any activity regarding the subject matter.
Trade closed: stop reached: SL has been hit. Moving on to the next trade!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out