AUDUSD - We got the first impulse move up
Following up from our latest post on AUDUSD, we got the first impulse move up after price met the minimum target area around 0.7827 on the lower timeframe.
Our bias still remains to the upside, and we are now looking for opportunities to scale in, increasing our profit potential, yet at the same time reducing our risk.
*These posts are meant to be educational, and not served as a trade call. So do make sure you have a proper trading and risk management plan before engaging on any trades.
Our bias still remains to the upside, and we are now looking for opportunities to scale in, increasing our profit potential, yet at the same time reducing our risk.
*These posts are meant to be educational, and not served as a trade call. So do make sure you have a proper trading and risk management plan before engaging on any trades.
Comment:
Price didn't exactly retrace correctively, but is so far supported around the 618 level. Bias remains to the upside.
