RBA cut the interest rates from 0,75% to 0,50%, which was already priced by the market, so there was no negative reaction from AUD.
Buying from the 0.6546-0.6505 price zone with T/P around 0.669 provides decent R:R and opportunity to ride a correction movement.
Smaller positions should be taken as the main trend is still bearish.
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Buying from the 0.6546-0.6505 price zone with T/P around 0.669 provides decent R:R and opportunity to ride a correction movement.
Smaller positions should be taken as the main trend is still bearish.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
Note
Modified S/L to 0.6574Trade closed: target reached
Closed in profit, modified S/L was good idea.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.