THOMPSON_FOREX

AUDUSD New york session buy

Long
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
After price reached the draw on liquidity which was an old daily low @ 0.66816, I expected a retracement into premium prices within the range which was taken advantage of when price did not take it's previous weeks low coupled with a lower timeframe entry model offering 53 pips risking 8 providing a clean 1:6.7 RR. The drawdown was unfortunate but correct stop loss placement kept me in the trade.
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