AUDUSD TO TAKE A NOSE DIVE?
What is going on today Traders, pips4peeps here with daily updates. Looking at AUDUSD, Price looks set to go down after a relatively mixed Asian session.
With my understanding of what’s happening in China, I am personally taking a SHORT TRADE on AUDUSD with a 20 pips stop loss above the previous high with the pink dot. Targeting 150+ pips on this setup which makes up a 1:7 Risk/Reward. Overall risking 0.5% should the trade go against my projection.
This is not financial advice, manage your own risk. Happy Tuesday!
With my understanding of what’s happening in China, I am personally taking a SHORT TRADE on AUDUSD with a 20 pips stop loss above the previous high with the pink dot. Targeting 150+ pips on this setup which makes up a 1:7 Risk/Reward. Overall risking 0.5% should the trade go against my projection.
This is not financial advice, manage your own risk. Happy Tuesday!
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