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Australian Dollar / U.S. Dollar
Long

Stochastics broke the downtrend line

By ramigz
Updated
Stochastics broke the downtrend line before the actual price does. A move to the upside is expected. Long @ 0.7425
1st target @ 0.382 - 0.7490
2nd target @ 0.50 - 0.7540
Comment
SL will be activated on a daily close below 0.7400
Comment
A daily candle close below 0.7400 will shift the sentiment to the downside, then short opportunities will be in consideration
Comment
1st target reached. Closed half of the position & moved SL to break even @ 0.7425 waiting for the 2nd target
Comment
Position closed @ break even point 0.7425 for 65 pips profit.
ramigz

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