MrGabe

AUDUSD could be a good buy if it bounces on 240 m trendline

Long
MrGabe Updated   
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Buying on trendline, but being careful with a tight sl and taking profit at approx 0.72 resistance.

TP 0.72
Sl 0.7140
Comment:
Seems like the price is reacting to another trendline just below, it looks like this on the 1h:

My entry was a little too early, but if this line holds we're good with our long position.
Crossing this last 1h trendline clearly invalidates the trade
SL is still at 0.7140
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