Australian Dollar / U.S. Dollar
Short
Updated

AUDUSD - Basic Fibo retracement

201
AUDUSD is not my favorite pair but the setup is undeniable :)

We made the hit trade today with Eurchf, save your profits, spend less on this trade. It's friday, go into weekend with a peace of mind.

We will be looking into sells if the price retraces here with a high preassure to our limit orders as in the next 2-3 hours, till NY open.

Basic fibo reversal trades based on 2 entries

1st entry: Fibo 0.5 level - RR 1:3.2 - Risk: 100$
2nd entry: Fibo 0.618 level - RR 1:7.6 - Risk: 100$

Total Risk: 200$
Total Profit: 1000$
Total RR 1:5
Trade active
First order Fibo 0.5 level order is triggered
Note
Second order Fibo 0.618 level triggered
Trade closed: stop reached
Stoploss reached.

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