AUD USD Long, Break n Retest of Key Level (0.656). PRICE ACTION.

Güncellendi
The H4 Rejection Wick confirms this uptrend. Pure Price Action Trade - no indicators...

Stop Loss set below previous wick although could be lower below Key Level (0.656) for insurance.

TP is set at a 1 to 1 (Risk to Reward), although if we can continue upwards. I will use a trailing stop.

Caution ! - we are near extreme highs and any positive fundamentals for USD could shift momentum...
Not
6pm H4 Candle closed Bullish Engulfing..
Not
Resistance Level established at 0.663 - I have now closed this position 25 pips in profit.
İşlem elle kapatılmış
+ 25 pips
Not
TP Hit anyway... patience !!
İşlem kapandı: hedefe ulaştı
audbreakretestTrend AnalysisUSD

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