AUDUSD has pushed back down into a High Time Frame Support. Since then it has a created a Balance Area inside the support zone.
I got long this evening on the pair around the .7500 handle.
Its not often I will shoot for really extended targets but I think I have a good shot here being at a HTF Support Zone. The key is not getting stopped out before or IF the move happens.
Once Target #1 is/if hit, I will manage the trade by trailing the stop on the remainder of my position.
Best of Luck
I got long this evening on the pair around the .7500 handle.
Its not often I will shoot for really extended targets but I think I have a good shot here being at a HTF Support Zone. The key is not getting stopped out before or IF the move happens.
Once Target #1 is/if hit, I will manage the trade by trailing the stop on the remainder of my position.
Best of Luck
Trade closed: target reached