FX:AUDUSD Australian Dollar / U.S. Dollar
Im already short on this, however, as seen on the chart I believe the outlook is still short. Only longs would be analysed on the break above the . Our longer term target would be 0.7000-06900. However, as you could see we have multi trade setups. They are just their to remind me of potential entries (adding on to my trades). Once each target has been met price action must be analysed. The longer term trade setup, ideal stop would be 0.74300 to cut out fundamental manipulation. However, i would like to be out of the trade if the is breached, ill look for a re entry if my trade is stopped out by a false movement. Please remember, this is just a forecast and money management is key.