AUDUSD: possible long scenario
RBA cut the interest rates from 0,75% to 0,50%, which was already priced by the market, so there was no negative reaction from AUD.
Buying from the 0.6546-0.6505 price zone with T/P around 0.669 provides decent R:R and opportunity to ride a correction movement.
Smaller positions should be taken as the main trend is still bearish.
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Buying from the 0.6546-0.6505 price zone with T/P around 0.669 provides decent R:R and opportunity to ride a correction movement.
Smaller positions should be taken as the main trend is still bearish.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
Note
Modified S/L to 0.6574Trade closed: target reached
Closed in profit, modified S/L was good idea.
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