AUDUSD is signaling a bearish move on the 1-hour chart, with an entry zone between 0.6546-0.6553 near a resistance level.The target at 0.6506 aligns with key support, offering a solid downside play. Set a stop loss at 0.6560 on a close above to manage risk.
This trade boasts an excellent risk-to-reward ratio, making it a compelling opportunity. 🌟 A break below 0.6540 with volume could confirm this drop, driven by USD strength and AUD weakness. Watch U.S. data releases!
💡 Traders can even enter now with proper risk management—adjust position size accordingly. Ready for this move? Drop your take below! 👇
📝 Trade Plan:
✅ Entry Zone: 0.6546 – 0.6553 (resistance area)
❌ Stop Loss: Close above 0.6560 to manage risk
🎯 Target: 0.6506 (key support zone)
Ready for this move? Drop your take below! 👇
Trade active
Trade was activated near the support zone!Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.