I was wrong about AUDUSD being a short opportunity in my last post. Since we've been seeing higher highs and higher lows we're in a bullish trend at the moment and we're also seeing resistance turn into support around the .7470s.
Hoping the trend continues my trade is going to look like:
BUY @ 0.7468
STOP @ 0.7433
SELL @ 0.7525
Risk: 35 pips
Reward: 57 pips
Risk/Reward Ratio: 1.62
Hoping the trend continues my trade is going to look like:
BUY @ 0.7468
STOP @ 0.7433
SELL @ 0.7525
Risk: 35 pips
Reward: 57 pips
Risk/Reward Ratio: 1.62
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.