Today was a day where the AUD took a beating, until it reached the support of 0.6420 and stopped falling. We may have a chance to see some bulls here.
Trade with a risk/reward of 1/3 in TP1 (0.6455), 1/7 in TP2 (0.6500) or 1/8.30 in TP3 (0.6520).
Entry: 0.64224 SL: 0.64065
Comment
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On the 15 minute chart, the pair is forming HH and HL. It now touch the 50% Fib level and it showed some bull strengh. Move SL under the HL - 0.64200 (now the SL is only 1/5 of what we marked earlier)
Trade closed: stop reached
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0.2% loss. Not bad. Always be aware with the market structure to reduce losses.
@WonderTrading hey ? Did you let it go by now ? Or you still holding it ??? Just wondering
WonderTrading
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@stunnahblank7050320, at that time I looked for market structure on the 15min chart, when it touch the 50% Fib level and it formed HH and HL, I moved the SL under the HL - 0.64200.
I let it run and the market touch my new SL. End up with a loss of 0.2% 👍
If your are still in the trade, let it run because it's showing a lot of bull strength. Just adjust or SL ;)