AUDUSD LONG ORDER

AUDUSD for me is forming a inverse head and shoulder which is reversal pattern and due to recent Fundamentals regarding USD i can see how technicals are aligning with this.

we had a bearish wedge formation on AUDUSD in a downtrend which indicated price wanted to push higher. which it did and broke out and formed a nice bullish run to a resistance area.

im expecting to see price pull back and form a right shoulder at the 50% area

good risk reward

120pips
400 pip take profit

1-3.3 risk reward