AUDUSD - Do you wanna play the range?
Updated
Range trading is as valid as any other, but not many traders play a range. If you are inclined to, you might want to consider this one. At least 2 touches on both sides are required to form a range and we do have that.
This is not a trade recommendation.
Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades.
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This is not a trade recommendation.
Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
Trade active
Trade looks good and is in profit. However the RBA will make its interest announcement in less than 8 hours. This is a major news release and it is likely to create wide swings in one or both directions. If you are in this trade I would advise closing the trade or taking partial profit with stop at b/e.My own approach will probably be to take total profit prior to the news (close the trade).
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