#AUDUSD: Short term setup at play

Seems like #AUDUSD has a low risk long trade here, with favorable reward to risk and probability. Worth a shot risking a small amount to the stop.

Cheers,

Ivan Labrie.

Note

Daily has been coiling for ages, once it breaks out it can make a big catch up move vs Copper, but I wouldn't bet on it yet.

RgMov is breaking out here, ahead of price, I'll keep an eye on that.

For now this trade is progressing well, but I will exit at the 4h target.

Note

Closed half and moved stop to entry price for the other half:

Note

twitter.com/markets/status/1399908797020246023?s=19

So far, so good.

Trade closed manually

Break even stop hit for the remaining position. Total profit was 0.5R roughly:

(If you risked 1% you made 0.5% with the half manual TP)

IvanLabrie

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IvanLabrie

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