AUDUSD looks pretty bullish on Weekly and Daily chart. And I'm going to take that trade. If we switch to H4 chart, we can see that the price rejected from short-term trend line, which means that we can see some pull back down to the 0.7150 zone. So my trading idea is:
AUDUSD BUY 0.7160 - 0.7115
SL 0.7060
TP 0.7300
TP2 0.7390
TP3 0.7490
trade-insider.com
AUDUSD BUY 0.7160 - 0.7115
SL 0.7060
TP 0.7300
TP2 0.7390
TP3 0.7490
trade-insider.com
Note
AUDUSD running with +110 pips, nears TP.. time to move SL at 0.7190.. book 50% of profit when price reach TP1 and wait for TP2
The Intelligent Approach In Trading & Investing
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The Intelligent Approach In Trading & Investing
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.