AUDUSD price is approaching the 100EMA on 3H chart. The price is bouncing between 0.68167 and 0.68548 in the last 4 days. It is expecting that the price would move up once touching the 100EMA.
See buy limit order at 0.6167
Stop loss is at 1ATR i.e. at 0.68056
Take profit at the previous high 0.68548
Risk/reward ratio = 3.35
Expecting time to profit 1 to 1.5 days
See buy limit order at 0.6167
Stop loss is at 1ATR i.e. at 0.68056
Take profit at the previous high 0.68548
Risk/reward ratio = 3.35
Expecting time to profit 1 to 1.5 days