AUDUSD has a really good structure of higher highs for the past few days. Today, AUDUSD has retraced back into a good buying zone for people to join the bullish rally. Stop loss is set below last low around at .7489's. Expecting a retest into resistance zone around .7640; This trade has a reward ratio of 2.5 which is excellent!
Comment:
closed trade .7615 at last high. (-60 pips from stop out/ re-entered +80 pips; Net= +20 pips)