AUDUSD OUTLOOK
Price is in an uptrend movement but is approaching the edge of the trendline of a rising wedge pattern, which might potentially indicate that a significant downside is coming.
Impulse short entries can be taken once price rejects that region.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our buy limits set up with upside potential in the R:R ratio of 1:3.
Price is in an uptrend movement but is approaching the edge of the trendline of a rising wedge pattern, which might potentially indicate that a significant downside is coming.
Impulse short entries can be taken once price rejects that region.
We had already marked the Key Level, but will make sure to look out for the price action before making any entries.
We had our buy limits set up with upside potential in the R:R ratio of 1:3.