AUDUSD Buy Trade
Hello wonderful traders, I thank you all for your analysis and efforts in keeping this journal active. This morning, I have already opened a buy trade in AUDUSD so let's get down to the details.
AUDUSD had a retracement last week after a deep dive downwards to touch 0.6678. Price retraced nicely to touch 0.6820 just as I expected but now it has pullbacked a little so I see another opportunity to buy and target 0.6820 level again.
The Support zones on H1 are represented in my chart with rectangles and my arrived line shows my 60 pips target. I'm long at 0.6764 and my TP is at 0.6820 with a SL at 0.6730.