audusd

178
AUDUSD - LONG

Why are we entering?
- Expecting AUD strength and USD weakness
- In a bigger parallel channel and approaching channel support

What are we waiting for to happen?
- Waiting for price to tag the channel support
- a break of WFB

What is our confirmation?
- a 4H bullish candle at the channel support
- WFB confirmation for safe entry
- Break of 4H EMA

Entry
Safe Entry: Bounce off channel support and then WFB and 4H EMA
Risk Entry: Bounce off channel support

Once entered, where will our Stoploss be?
- Below the rejected price

Where do we take profits?
- First TP: 0.741
- Second TP: 0.755

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