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Michael_Blurry

AUD/USD - Long - 8hr TF

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
Michael_Blurry  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
- Historical rejection of the 50 eMA on the 8hr time frame
- Latest hammer candlestick signifies another potential bounce.

TP 1 - 0.69600 and then ride a portion of your position further.

Should be good risk/reward, 2:1 - 3:1 depending on your stop loss requirements.

Enjoy
Phil
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