AUDUSD 0.69462 -0.24% LONG IDEA

Good Day Everyone

Here's a look at the AUDUSD pair, the U.S DOLLAR began to regain strength this past week so this could change some of the trading plans against the DOLLAR.
We saw a break above the symmetrical triangle structure the pair pushed up and found resistance at level 0.69981 now the pair has seen another rejection at this level forming a double top formation at resistance level. should we rally up and trade above this level ( 0.69981 ) will be looking for longs in the pair if we see a rally down the trading plan will change look out for updates... lets see how it goes

Good luck and happy trading everyone


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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE

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Comment:

Comment:

The trigger is that break above and significant moves to the upside signalling shift in momentum and volatility gain

Trade active

Trade active:

Waiting for volatility to return on the pair we currently ranging on the pair looking for a break above

Trade closed: stop reached:

Just stopped out on this one.... Still looking for a bullish rally on the pair though