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arieg1985

Potential Long Entry Setup for AUD/USD

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
arieg1985  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD daytrade
4
0
audusd daytrade
snapshot

The overall trend in D1 now is up after price breaks up MA200.
H1 also shows the current trend is consistently up.
When price pull back to previous resistance area turns to support 0.7512-0.75221 and rejected up, long the market to follow the current uptrend.
With Stop Loss 20 pips and Target Profit 48 pips, the potential trade offers 2.40 Risk-To-Reward Ratio.

As an alternative, pull back to the next support area 0.74937-0.75005, can also be the trade opportunity.
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