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traderparag

AUDUSD - Looks bottomed and can rise - 1:1 risk reward trade

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
traderparag Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Moving Averages Multiple Time Frame Analysis
1
1
supportandresistance movingaverage mtfa
AUDUSD looks poised for 50-60 pips upward move minimum...

Stop Loss and Target lines are based on Weekly candlestick, whereas Entry now is based on Daily & other lower charts..
Trade closed manually:
SL should reach anyways so closing the trade - AUDUSD is wanting to make a new low at the moment so no point fighting it...
Trade closed: stop reached
Comment:
Learnt from mistake on this one - SL should have been a little bit lower than precious low... Target would have been reached ultimately...
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