Is it time to buy AUDUSD?
Updated
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.
Note
Price is coming towards our entry point.Note
I entered AUDUSD long @0.74557Trade active
Entry: @0.74557S/L: 20pips away
T/P: 45 pips away
looking for only 1:2+ RR
Note
1:1RR has achieved; moving on to 1:1.5RRNote
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.Note
AUDUSD has reached the 1:1.5RRTrade closed: target reached
The 1:1.5RR has been reached.
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