# AUD/USD Long Trading Plan
## Setup
- **Pair**: AUD/USD
- **Direction**: LONG
- **Reason**: Breakout above major resistance indicating bullish trend.
## Entry
- Enter on confirmed break above resistance
- OR enter on retest on smaller time frame like 4h, 1h
## Stop Loss
- Below the broken resistance level
- Risk: 1-2% of account
## Take Profit
- **TP1**: Next resistance level (partial close) at 0.66825
- **TP2**: Extended target based on fib 1.618 at 0.68944
- **Risk:Reward**: Minimum 1:2
## Trade Management
- Move stop to breakeven after TP1 hit
- Trail stop as price moves in favor
- proper risk and reward
## Setup
- **Pair**: AUD/USD
- **Direction**: LONG
- **Reason**: Breakout above major resistance indicating bullish trend.
## Entry
- Enter on confirmed break above resistance
- OR enter on retest on smaller time frame like 4h, 1h
## Stop Loss
- Below the broken resistance level
- Risk: 1-2% of account
## Take Profit
- **TP1**: Next resistance level (partial close) at 0.66825
- **TP2**: Extended target based on fib 1.618 at 0.68944
- **Risk:Reward**: Minimum 1:2
## Trade Management
- Move stop to breakeven after TP1 hit
- Trail stop as price moves in favor
- proper risk and reward
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.
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.