OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Longing AUDUSD here with a stop loss below last low. We are targeting a 3R trade. The reason is that we hit 61.8% fibo on Weekly and made a deviation under it.. The trend is still down but we think this is a good counter trend trade. We believe that yields are going to cool off as they reached key levels. We reduced leverage drastically in this enviroment so we recommend you doing the same. Due to low liquidity the swings are much more faster. Take care and be safe.

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