stamoyo

AUD/USD Plausible price action

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
The pair is into divergence with the RSI(14) and around a reliable support line. The EMAs are still neutral but that is, in fact, typical for trend reversals. In this case, we have a very good risk/reward ratio. If someone waits for a couple of hours he might find a better price to enter the upside move. If I wait for the price to fall of about 1/4 to 1/3 of the whole risk level I would buy about 2.5*(1/3)^2=0.28 times more or about 1.3 times my current position.
*Disclaimer: this is for educational purposes only*
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