USD news is not good lately. Also, aud/usd is very over sold on 1D chart with major divergence. momentum on 1hr signifying strong buy. great r:r. Risk 15$ on forex.com on this trade .03 lots 45 pip s/L. price action break of structure of downtrend with false low and breakout up. 115$ take profit. Will add more positions along the way.
Note
closed 1/3rd of lot size of trade. Moved stop loss up too .714Note
close trade with 2.5x risk achieved.
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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.