FX:AUDUSD   Australian Dollar / U.S. Dollar
384 5
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!
Continually to be bullish. Good trade so far.
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.
Looks good for now!
I would rather waiting for a break through from this resistance and long probably with a retracement
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