If and only if AUD/USD breaks past the 200ema, look to short it.
this is a swing trade which can go on for a few weeks.
there is a bearish MACD divergence and break in the uptrend.
entry at 0.7455
sl at 0.7582
tp1 = 0.7317
tp2 = 0.7162
tp3 = 0.6982
if the trade goes live, and the first target is hit, exit half the position and move the stoploss to breakeven.
if the second target is hit, either exit half the position or exit half of what remains and move the stoploss to where the levels of target 1. if the trade continues, exit all positions at tp3.
this is a swing trade which can go on for a few weeks.
there is a bearish MACD divergence and break in the uptrend.
entry at 0.7455
sl at 0.7582
tp1 = 0.7317
tp2 = 0.7162
tp3 = 0.6982
if the trade goes live, and the first target is hit, exit half the position and move the stoploss to breakeven.
if the second target is hit, either exit half the position or exit half of what remains and move the stoploss to where the levels of target 1. if the trade continues, exit all positions at tp3.
Comment:
The trade is not live yet, it's still consolidating,