I am new to Tradingview, these are my honest opinions on this currency pair. I am not trading with live money so I am capable of taking high risk, as I am currently papertrading until I develop a perfect system and hone my skill. I advise you to take my idea with a grain of salt and am not held responsible for any lose you occur. However if I am correct and you make money, You can tip me via ;-) ... Happy Trading
AUDUSD looks like it could hit around the 0.77 point where it can either do one of two things, breakthrough and continue with an uptrend. Or it will rebound and start to short.
I plan on having a short limit set at 0.76990 with a SL set at 0.77240 (25.0 Pips) and TP at 0.7531 (163.9 Pips)
since this is a papertrading account I am using, I do treat it as if its my actual live account. I am risking 0.10% ($100.00) and Reward of 0.66% (655.58) yielding a RR of 6.56