Blue horizontal line is monthly resistance level. From my view, to break monthly resistance, the pair need more momentum such as news or stimulus. Thus since this week no news about AUD pair, i will short this pair with SL 70pips if entry now. Green is H4 structure and it a good point to retest before the momentum to break monthly structure.
That's all for AUDUSD. Goodluck and be wary of your risk management.
p/s: PLEASE TAKE CARE OF YOUR OWN RISK MANAGEMENT. PLEASE READ THIS. ENTRY AT YOUR OWN RISK. AND MANAGE YOUR RISK WELL.
That's all for AUDUSD. Goodluck and be wary of your risk management.
p/s: PLEASE TAKE CARE OF YOUR OWN RISK MANAGEMENT. PLEASE READ THIS. ENTRY AT YOUR OWN RISK. AND MANAGE YOUR RISK WELL.
Trade closed: target reached:
Price reverse after reaching 100 pips from entry. Well done.