Long AUDUSD Weekly

18 May 2020

AUDUSD has been in a strong bear market the past few years and the effect of the corona virus has caused it to test monthly support levels. With rising volume on the weekly timeframe we could expect a breakout upwards.

I have set out my TP targets and SL on the sheet. Minimum risk:reward is set at 2:1 and Maximum Risk:Reward is set at 6:1

Fib Retracement lines is our guide with this trade to solid TP targets