LONG AUDUSD on close above 0.8682 on 4H timeframe Long

Australian Dollar/U.S. DollarFXCM

Description

⋅ Nov 10, 2014 11:18 AM

The pair is facing resistance at 38.2% retracement and previous structure confluence zone. A break and close above should help the pair rally to .8830 level which is 78.6% retracement and previous trend line.

Trade Type: Trend Continuation
Price: .8687
Target: .8827
Stop Loss: .8803
R/R Ratio: 1.7