AUD/USD 4H
I’ve been waiting for this set-up for the last week. Recent up-trend had tough time testing 1.04 resistance. The price has created a nice ascending triangle. Due to positive Chinese news I will be expecting a up-break-out this week. If it happens, the next stop will be the major resistance: 1.06.
Here are some of the pretty numbers:
Entry: 1.0420
Stop-loss: 1.0370
Profit target: 1.06
As you can see the RRR is almost 4:1.
Any feedback will be appreciated