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JoeTomorrow
Oct 25, 2020 11:46 AM

Plenty of confluence on AUD/USD, looking long Long

AUD/USDOANDA

Description

I am a little late with my entry however can still find a satisfactory R:R on this trade.
Factors that are persuading me to enter long are:
-Trading above 200 day ema
-Price formed a double bottom into a previous level of structure that sits in conjunction with the 0.618 fib retracement from previous swing low.
-Recent bullish engulfing candle after bears weakened

Trade closed: stop reached

Taken out by wick on 2nd nov
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