Long setup on AUDUSD. I profited nicely on that trend line bounce last night, now after it retraced back down it looks like downside should be over. Seeing solid bullish divergence on RSI. I'll be targeting the resistance area above
Comment:
I'm moving my stop loss up and letting this one ride, I think it can break above resistance this time
Trade closed: target reached:
Take profit hit with +29 pips achieved. Now price is hitting that resistance zone as a support. If the support can hold and price can bounce from that zone, then we could see more upside. I moved my stop loss just below this support zone instead of taking profits.