Trading Reversal Patterns
Disclaimer: Trading reversals is riskier than trading with the trend. Keep your profit targets short and your stop losses shorter. Never trade with money that you cannot afford to lose.
Based on the structure of AUDUSD, we have a confirmed (slight) downtrend. It may not last long, unless it breaks the previous low before the trend started. That being said, structure confirms a reversal pattern based on recent swing highs/lows so I am going long for a 2X profit target.
Based on the structure of AUDUSD, we have a confirmed (slight) downtrend. It may not last long, unless it breaks the previous low before the trend started. That being said, structure confirms a reversal pattern based on recent swing highs/lows so I am going long for a 2X profit target.
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