Insurance Trade for X-Mas and NY's. The liquidity is going fall away very soon for the holiday period. The AUDUSD is very unlikely to start anew breakout above resistance and is more likely to draft back to the bottom of the trading range
AUDUSD has be rejected at the trend-line and bounce back after moving above the 200 Day MA.
Looking for a 1:1 risk reward however the stop could be place the top of the previous wing high 0.6900 given you a 2:1 risk reward.
I want to hold it over this period as an insurance policy of high volatility.
AUDUSD has be rejected at the trend-line and bounce back after moving above the 200 Day MA.
Looking for a 1:1 risk reward however the stop could be place the top of the previous wing high 0.6900 given you a 2:1 risk reward.
I want to hold it over this period as an insurance policy of high volatility.