Long AUDUSD on positive Daily and Weekly momentum
Long AUDUSD with positive and rising momentum on both Daily and Weekly (see upper and lower right).
Pullback towards and resistance at EMA21 240 min has been made and has been targeted (see upper left).
Uptrend is very strong with ADX > 25 on 240 min.
Stop Loss @ 0,78650 (about 10 pips below most recent low on 240 min). I will increase the Stop Loss to Break Even if 1:1 is reached, making the trade risk free.
I'm taking quarterly profits @ 1:1, 2:1, 5:1 and 10:1. I'll raise my Stop Loss if targets are reached.
Pullback towards and resistance at EMA21 240 min has been made and has been targeted (see upper left).
Uptrend is very strong with ADX > 25 on 240 min.
Stop Loss @ 0,78650 (about 10 pips below most recent low on 240 min). I will increase the Stop Loss to Break Even if 1:1 is reached, making the trade risk free.
I'm taking quarterly profits @ 1:1, 2:1, 5:1 and 10:1. I'll raise my Stop Loss if targets are reached.