AUDUSD 1330 PIP LONG!

AUDUSD LONG

Why are we entering?
- Expecting AUD strength and USD weakness
- We have completed our bullish corrective wave and we are now at point C & our 1.272 fibonacci level where we are expecting a bullish impulse
- We have completed our 5 subwaves down to our channel support where we are expecting strength

What are we waiting for to happen?
- Price to reject our 1.272 fibonacci level zone
- Rejection of structure level

Entry
SAFE Entry: Rejection of structure level & 1.272 fib level zone with a break of descending WFB trendline
Risk Entry 1: Rejection of structure level & 1.272 fib level zone
Risk Entry 2: Early break of descending WFB trendline

What is our confirmation?
- Rejection of fibonacci, structure level and channel support
- Break of WFB trendline

Once entered, where will our Stoploss be?
- Below the structure (above 0.674) 30 pips
- Move SL to BE after running 30 pips

Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - Structure level : 0.726 (490pips)
- Final TP - Structure level : 0.81 (1330pips)

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