AUDUSD Entered long on friday at .64950 and took profit from the gap up at .65360 (original final TP targeted was .65300.) quick $720 to start the week and set alerts to watch for next oppurtunity.
AUDUSD so I bought aud/usd because it was technically running out of momentum being at Lows and being that my setups are usually considered tops and bottoms this position was definitely a bottom I close somewhere around 60 70% of the way but trade definitely hit TP now I'm waiting on the rejection on the RSI 50 or a breakout to plan my next move
AUDUSD just a different aspect to look at: AUD has been respecting an ascending trend line since March of 2020 since COVID with 4 touches. This is the first time it has closed below that trend line and is currently retesting it. A false breakout could be occurring for liquidity where it flys back up into it, but as of now it is rejecting the retest perfectly. Sometimes it’s useful to zoom completely out to figure out your strategy. Us DEGENS still have a bearish bias for now for more liquidity laying down at .63. More volume from news tomorrow will give better indication. Goodluck everyone.