Hi traders,
The AUDUSD has gotten pretty close to the bullish trendline, that was initiated about 2 months ago.
I am waiting for 1 of 2 things to happen. The first one is an immediate bullish bounce at the trendline. The second one is a break through the trendline and then a retracement.
--------BULLISH--------
Entry: 0.74624
Stop: 0.73966
Target 1: 0.75586 = R:RR 1.53
Target 2: 0.76309 = R:RR 2.65
--------BEARISH--------
Entry: 0.74864
Stop: 0.75718
Target 1: 0.73398 = R:RR 1.72
Target 2: 0.72465 = R:RR 2.81
I will keep this updated as time progresses. Best of luck!
The AUDUSD has gotten pretty close to the bullish trendline, that was initiated about 2 months ago.
I am waiting for 1 of 2 things to happen. The first one is an immediate bullish bounce at the trendline. The second one is a break through the trendline and then a retracement.
--------BULLISH--------
Entry: 0.74624
Stop: 0.73966
Target 1: 0.75586 = R:RR 1.53
Target 2: 0.76309 = R:RR 2.65
--------BEARISH--------
Entry: 0.74864
Stop: 0.75718
Target 1: 0.73398 = R:RR 1.72
Target 2: 0.72465 = R:RR 2.81
I will keep this updated as time progresses. Best of luck!
Trade active
Comment:
Target 1 hit.
Trade closed manually:
Closing the remaining position at break-even before FOMC meeting.
Order cancelled
