AUDUSD 4HR
We saw a third drive into the high and a huge drop to the downside from last week, looking for a retracement then a continuation to the downside. The deeper the retracement to the upside, the better. First target is 0.71150 where you would take a certain percentage of your profits and move stops to break-even and let the rest of the positions ride to final take profit at 0.70750.
Trade closed: target reached
First target reached. Now we retrace before we roll over to second target of 0.70750
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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.