theselfishtrader

AUDUSD - A lovely long trade setting up! Great RR!

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
A Double bottom right along the 61.8% Fibonacci level has me thinking of a long opportunity.
It's previous support, the ADX is crossing the DMI- and the RSI is leaving very oversold conditions.
I see this as a classic 61.8 - 38.2 fib play.
2:1 RR
Trade active: I am long from 0.73974
Trade closed: stop reached: Moved my stops to be too soon and got stopped out before it went higher..D'oh!