FX:AUDUSD   Australian Dollar / U.S. Dollar
316 5 0
This is a short term long play on AUD/USD             . As you can see we were just in a down trend as per the 2 blue trend lines . Followed by consolidation by the red lines. Starting to double bottom . Looking just for a 1:1.5 risk to reward. Market is still a bit sluggish so lowering my reward. Lets see what happens.
We have taken profit. Good trade!
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Continually to be bullish. Good trade so far.
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This will be short term long trade. Trying to see if we have enough bulls taking this higher. We have moved our stop to half now to reduce risk.
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Looks good for now!
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I would rather waiting for a break through from this resistance and long probably with a retracement
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