boafx.co.uk - The fundamentals for the AUD/USD do suggest that we should see further downside, however the USD data that comes in better than expected is not having the desired effect on the markets hence the reason for this double trade set up. Notice that the trades are 3:1 risk reward ratio so even if one triggers on a fake breakout but then full fills the other trade as long as one of the profit targets is reached then a profit will be taken overall.
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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.