AUDUSD Long. RR 1 : 1.75

AUDUSD closed above weekly support area 0.7400. I am expecting upside for this pair to next weekly resistance area.

Reason :
- Strong daily candlestick closing above 0.7400
- Higher high on higher TF chart.
- Potential to reach next resistance points :

Entry point Long : CMP or any pullback ; TP1 : 0.7500, TP2 : 0.7555 ; SL below weekly support area .

Risk Reward 1:1.75
Always remember to trade with stop-loss, market is crazy & cunning*

Kommentera:

TP1 : 0.7500 HIT

Trade stängt: målet nått:

TP2 : 0.7550 area hit. Closed my position for profit reaping, awaiting short pullback for further long.

Kommentera:

Further upside for Aussie is expected, next target .7600

Trade stängt: målet nått:

Target hitted before FOMC.

Kommentera:

Resistance (0.7550 area) has become support now, further LONG can be executed to the upside target of 0.7710 area.