Hey Everyone!
Let's see a scenario for AUDUSD LONG.
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place to enter is above the green line at around 0.7475
I will update you as soon as a trade is taken on this pair.
Let's see a scenario for AUDUSD LONG.
- Very strong support/resistance @0.745 - white line
- An upward movement for 7+ days
- A valid trendline that holds the price
Now, even if we have these good points we can't just look at the long side. I will only take this position once the price hits the 0.746 or even a bit higher.
The safest place to enter is above the green line at around 0.7475
I will update you as soon as a trade is taken on this pair.
Comment:
Price is coming towards our entry point.
Comment:
I entered AUDUSD long @0.74557
Trade active:
Entry: @0.74557
S/L: 20pips away
T/P: 45 pips away
looking for only 1:2+ RR
S/L: 20pips away
T/P: 45 pips away
looking for only 1:2+ RR
Comment:
1:1RR has achieved; moving on to 1:1.5RR
Comment:
The trade looks like it has hit the top for now. Position is not in risk anymore, if 1:1.5RR is reached I close it.
Comment:
AUDUSD has reached the 1:1.5RR
Trade closed: target reached:
The 1:1.5RR has been reached.