HERE ARE 2 GOOD REASONS TO GET LONG ON AUDUSD IN THE NEAR FUTURE
BTW, THE $EURNZD PICK IS ALREADY +95 PIPS 🙂
AUDUSD D CHART
BULLISH BUTTERFLY PATTERN
THIS PATTERN HAS ALREADY HIT THE 38.2% HARMONIC RETRACEMENT. WE COULD POTENTIALLY SEE A MOVE ALL THE WAY UP TO THE NEXT TARGET AT 0.7170 FOLLOWING THE COMPLETION OF THE SHORT-TERM PATTERN BELOW.
AUDUSD 1HR CHART
BULLISH CYPHER PATTERN
THE RATIOS HERE ARE SPOT ON SO I REALLY LIKE THIS TRADE. NOTE THAT YOU WANT TO WAIT FOR PRICE TO STABILIZE AND FIND SUPPORT AT THE RECOMMENDED ENTRY PRICE BEFORE YOU GET IN.
THE RISK TO REWARD IS USUALLY NICE ON THESE CYPHER PATTERN’S.
STOP @ 0.6900, ENTRY @ 0.6965, TP @ 0.7135
65 PIPS : 170 PIPS (RISK : REWARD)
DISCLAIMER: Trade these setups at your own risk. This post is an “educated guess” based upon my technical analysis. If you are trading live, limit your risk to 1% of your account balance. If you have zero experience trading, I highly recommend you start with a demo account before going live. Trading without a strategy and without risk management is no different than gambling. Please trade safe and responsibly!
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