AUD/USD Long Idea
Updated
AUD/USD broke out of the downward channel and is moving along a longer term trend line. It rejected hard off a level of support on the 4hr and I see it continuing back up to retest or even break above recent highs before it would continue downward.
Comment
Stop Hit, After price bounced off the 200 EMA and created the big wick I took the trade from the 200 EMA from .72000 to about .73000. Now that It is around my original desired entry I am adjusting stops to .72300 and looking for it to make the original move.
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