AUDUSD - Trade in Trend Direction
Hi Traders!
The market did swing four important movements:
1. The first movement was around the beginning of octobre and it reached the resistance at 0.69300.
2. Then it moved a pullback until the level of 0.67700.
3. After that the market moved up again towards the resistance again.
4. Now it is around 0.68500 and the market is moving towards the reversal zone.
Furthermore the market will continue its uptrend and reach the level at 0.70300.
With this trade, we have a great risk-to-reward of 1 to 4!
We recommend to buy in the reversal area with the trend towards the next resistance.
Thanks and good luck :)!
The market did swing four important movements:
1. The first movement was around the beginning of octobre and it reached the resistance at 0.69300.
2. Then it moved a pullback until the level of 0.67700.
3. After that the market moved up again towards the resistance again.
4. Now it is around 0.68500 and the market is moving towards the reversal zone.
Furthermore the market will continue its uptrend and reach the level at 0.70300.
With this trade, we have a great risk-to-reward of 1 to 4!
We recommend to buy in the reversal area with the trend towards the next resistance.
Thanks and good luck :)!
Trade closed: target reached:
Take-Profit-HIT 1 with +111pips!