AUDUSD cleared mean VWAP in bullish momentum LONG
AUDUSD as shown on the 30-minute chart has crossed over the mean VWAP anchored back 5
days. From here I expect a move toward the upper first and second VWAP lines and so will
take a long trade targeting 0.6535 initially ( aVWAP+1) and 0.655 for the higher target ( aVWAP
+2) The stop loss will be under the mean VWAP at 0.6515.
days. From here I expect a move toward the upper first and second VWAP lines and so will
take a long trade targeting 0.6535 initially ( aVWAP+1) and 0.655 for the higher target ( aVWAP
+2) The stop loss will be under the mean VWAP at 0.6515.
Comment:
Price moved up. Partial of 50% taken at the first target. Stop loss now above break-even. Profitable trade moving foward.
Comment:
Price hit the higher target. 25% more taken off the table. Targeting 0.6625 to close
the trade.
the trade.
Comment:
Price moving higher. Another 25% off the table.
Trade closed: target reached:
Closed on the reversal before the final target.