AUDUSD Bully Short + 40 Pip Potential

Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and decent RRR.
2 Potential entries (it is one or the other, not both)
Entry = 0.6916
Stop = 0.6931
Risk = 15 pips
Profit target = 0.6879 ( The projected daily low )
Reward = +37
RRR = 2.4 - 1
2nd Entry = 0.6896
Stop = 0.6916
Risk = 20 pips
Profit target = 0.6856
Reward = + 40 Pips
RRR = 2-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen

Anulowano zlecenie:

Surprisingly, AUD is holding it's ground against USD. Accordingly this trade is cancelled.