Going long on AUD/USD. Price action showed a big rejection to the downside today despite it being NFP.. price bounced exactly off of a support level that has only been touched one other time from January of this year.. After watching price action on the 30 and 15 minute time charts I entered the buy at 0.67876 and caught the wick entry on that hour candle that went strong bullish. I see a reversal of the current down trend coming for AU, Australian dollar recovering and going bullish now. My buy is in profit and I will be monitoring it all next week with a trailing stop loss in the case that price shifts and tanks a massive dump. Profit taking targets are labeled in their respective zones, going for a long swing trade on this pair as I did with USD/CHF. Happy trading everyone. Risk management is key.. above all.
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