I was wrong about AUDUSD being a short opportunity in my last post. Since we've been seeing higher highs and higher lows we're in a bullish trend at the moment and we're also seeing resistance turn into support around the .7470s.
Hoping the trend continues my trade is going to look like:
BUY @ 0.7468
STOP @ 0.7433
SELL @ 0.7525
Risk: 35 pips
Reward: 57 pips
Risk/Reward Ratio: 1.62
Hoping the trend continues my trade is going to look like:
BUY @ 0.7468
STOP @ 0.7433
SELL @ 0.7525
Risk: 35 pips
Reward: 57 pips
Risk/Reward Ratio: 1.62
