AUD/USD 4H



Long or Short: Long
Entry Point: 1.0600
Stop Loss: 1.0480
Profit Target/s: PT1 = 1.0750, PT2 = 1.1000
Reward-to-risk Ratio: Around 2.3:1 if all PTs are hit
Risk percentage: 2%
Indicators used: Fibo
Trade Rationale: Pair looks to be trending up, looking to buy on a dip to 1.0600 (38.2% Fibo), which was a former level of interest. AUD has also been one of the most resilient currencies as of late, and I think gold prices will continue to be supportive.
Trade Adjustments: Moving my stop to breakeven if I get triggered and price reaches 1.0720. If price hits PT1 (1.0750), I will take profit on half my position.