matpjoe
Short

AUDUSD Nice downfall risk and reward

FX:AUDUSD   Australian Dollar/U.S. Dollar
Found a very good risk and reward trade for audusd             on 4H chart, 4 hour candle rejecting the 50% fibo pattern and at the same time the fibo 50% line which was a previous strong support have now become the resistance. This is combo combination of Support become Resistance and 50% Fibonacci retracement . looking at 250pips + or reward at 0 level fibo.
sl is always slightly above 61.8 fibo
Trade active: trade active once the price closed below the 50% fib
Trade active: currently runing with 50pips+, breakeven +1 to secure the capital and let it run
Comment: Halfway to TP
currently runinng with 50pips+, breakeven +1 to secure the capital and let it run
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