@everyone
FOREX swing trade idea:
AUDUSD - weekly head and shoulders , retesting neckline.
Downtrend on 4 hour
confirmations: 0.618 Fibonacci level + Trendline + 50 EMA
Entry: on a rejection of this area
stop loss: 0.71500
tp 1: 69950
tp2: 69480 (likely final TP)
tp3: 68865 (bonus)
risk to reward: 1:3 - 1:4
dont risk more than 2%
FOREX swing trade idea:
AUDUSD - weekly head and shoulders , retesting neckline.
Downtrend on 4 hour
confirmations: 0.618 Fibonacci level + Trendline + 50 EMA
Entry: on a rejection of this area
stop loss: 0.71500
tp 1: 69950
tp2: 69480 (likely final TP)
tp3: 68865 (bonus)
risk to reward: 1:3 - 1:4
dont risk more than 2%