Entered half position on AUDUSD as price comes back for the TL break swing. The play is to capitalise on the bearish momentum running out after such a big push up.
30 day average move is 70 pips with the move from 0.72720 low being 60 pips already.
That does mean this may need to be a multi-day play to reach TMP, which is back at the daily range high (DRH) from last week.
Check out my biog
rucksack.medium.com
30 day average move is 70 pips with the move from 0.72720 low being 60 pips already.
That does mean this may need to be a multi-day play to reach TMP, which is back at the daily range high (DRH) from last week.
Check out my biog
rucksack.medium.com
Trade active
Will look to add to the position if we spike, but we would need to see weakness on the 5min TF before we do.
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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.