AUDUSD 1H
LONG
entry: 1.0400
stop loss: 1.0380
profit target: 1.0470
explanation: 50% fibo , former support and resistance. 100 sma also
Nice Set up. I like the idea. It is also in the direction of 4 Hour trend as below. But I don’t like that stop loss. Let it be below trend line. I am also joining… But my entry is below your stop loss. Entry point is @ 1.0375.(May be too conservative…lol) SL @ 1.0325 & TP @ 1.0475.(1:2 RR)
good point… i didnt see the trend line… i will take your advice. thanks!
