As we can see AUDUSD has been respecting this downtrend since early September.
I've been developing a strategy using Smoothed Moving Averages, that I'll be explaining later as a educational post.
This is my take on AU, hope you can catch some good blue pips.
RRR: 3x1.
If SL hit, wait for rejection in the 50 SMMA and open a sell position
I've been developing a strategy using Smoothed Moving Averages, that I'll be explaining later as a educational post.
This is my take on AU, hope you can catch some good blue pips.
RRR: 3x1.
If SL hit, wait for rejection in the 50 SMMA and open a sell position