hi guys! long time lurker here. just thought id finally share a trade idea.
AUD/USD DAILY
Long or Short: long!
Entry Point: 1.0450
Stop Loss: 1.0350
Profit Target/s: 1.0700
Reward-to-risk Ratio: 250:100 or 2.5:1
Risk percentage: 2%
Indicators used: RSI 9
Trade Rationale: there has been strong support at 1.0450 in the past. AUDUSD is now stalling at that level and RSI is <30. gold is climbing so i think AUDUSD should find support and reverse soon.
Trade Adjustments: none. i won’t close the trade until my stop loss or profit target is hit.