AUD/USD Plausible price action

54
The pair is into divergence with the RSI(14) and around a reliable support line. The EMAs are still neutral but that is, in fact, typical for trend reversals. In this case, we have a very good risk/reward ratio. If someone waits for a couple of hours he might find a better price to enter the upside move. If I wait for the price to fall of about 1/4 to 1/3 of the whole risk level I would buy about 2.5*(1/3)^2=0.28 times more or about 1.3 times my current position.
*Disclaimer: this is for educational purposes only*

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.