AUDUSD: possible trade scenario
Possible trend reversal in AUDUSD, the price and 9 EMA + 21 EMA indicators are above 50 EMA on 1h chart (which wasn't the case since 10th of March)...
Entering the market from 0.58550 price with S/L below 0.56600 and T/P around 0.64660 provides decent R:R opportunity.
Keep in mind, that the bias is still bearish, so proper position sizing is crucial.
I would like to remind you, that this is not an investment advice (nor any of my previous posts).
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Feel free to share your opinion/position via comment and follow me to stay updated.
Entering the market from 0.58550 price with S/L below 0.56600 and T/P around 0.64660 provides decent R:R opportunity.
Keep in mind, that the bias is still bearish, so proper position sizing is crucial.
I would like to remind you, that this is not an investment advice (nor any of my previous posts).
//
Feel free to share your opinion/position via comment and follow me to stay updated.