willharper

Audusd LONG scalp/day trade

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Price has rejected from this area on the 15 minute (0.68493) chart. If price manages to pass 0.68493 we should see an impulsive move to the upside. As usual 10 pip stop loss with a target of at least 10 pips take profit. Move to break even at 0.5 percent profit. Let the trade run past 1 percent if possible. I usually go for a 1:2 but once you're in 1.2 percent profit (12 pips) usually secure the 1 percent profit and anything more is a bonus.
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