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arieg1985

Possible Long Position for AUD/USD_Trade Plan 2017.06.18

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
arieg1985  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD LONG tradeplan daytrade
4
0
audusd long tradeplan daytrade
snapshot

D1, H4, and H1 are all showing the overall uptrend is still intact.
Currently in H1, price reaches previous high around resistance area 0.76259-0.76315.

Trade Plan 1:
If price pull back to previous resistance area turns to support 0.75594-0.75666 and rejected up, long the market.
With Stop Loss 18 pips and Target Profit 44 pips, the potential trade offers 2.44 Reward-to-Risk Ratio.

Trade Plan 2:
If price breaks up resistance area 0.76259-0.76315, long the market on the first pull back to break out level.
With Stop Loss 23 pips and Target Profit 60 pips, the potential trade offers 2.61 Reward-to-Risk Ratio.
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