Is AUD/USD going to fly?
We can observe a descending from the 4H chart and scaling down to the 1H chart, we can see a breakout of the pattern.
It is important to observe the price action as prices could rebound after a retest of the
TP 1 – 0.78470
TP 2 – 0.79070
An entry from the retest (if any) and reaching TP 2 would give a nice risk-reward ratio of around 3.
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