FX:AUDUSD   Australian Dollar / U.S. Dollar
I previously marked up a bullish opportunity and i have attached the analysis below. Since then, price traded higher and has retraced into what i would see as a flat correction . From this point on, price has the potential to move bearish toward our take profit at 0.70752
The stop loss has been placed at 0.69010 creating an opportunity with a 1:2 risk to reward ratio.

Entry - grey line
Stop loss - red line
Take profit - green line
risk exposure 1%

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Jun 10
Trade active
Jun 12
Trade closed manually: AUDUSD is currently showing strong bearish momentum/potential. Trade has been closed at minimum loss.

Comments

I was thinking along the same lines. Lets see if the trade pays off.
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@Farhad-91, Yess! As long as risk is managed it's all good :)
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