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MrGabe
Apr 17, 2019 11:57 PM

AUDUSD could be a good buy if it bounces on 240 m trendline Long

Australian Dollar / U.S. DollarFOREX.com

Description

Buying on trendline, but being careful with a tight sl and taking profit at approx 0.72 resistance.

TP 0.72
Sl 0.7140

Comment

Seems like the price is reacting to another trendline just below, it looks like this on the 1h:


My entry was a little too early, but if this line holds we're good with our long position.
Crossing this last 1h trendline clearly invalidates the trade
SL is still at 0.7140
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