AUDUSD: possible long scenario
RBA cut the interest rates from 0,75% to 0,50%, which was already priced by the market, so there was no negative reaction from AUD.
Buying from the 0.6546-0.6505 price zone with T/P around 0.669 provides decent R:R and opportunity to ride a correction movement.
Smaller positions should be taken as the main trend is still bearish.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
Buying from the 0.6546-0.6505 price zone with T/P around 0.669 provides decent R:R and opportunity to ride a correction movement.
Smaller positions should be taken as the main trend is still bearish.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
Comment:
Modified S/L to 0.6574
Trade closed: target reached:
Closed in profit, modified S/L was good idea.