forexnick
Long

AUDUSD LONG until .765? Only Time Will Tell!

FX:AUDUSD   Australischer Dollar/U.S. Dollar
Hey Team,

We're looking to long AUDUSD today, it's forming a nice upwards channel with support from the 200, 100 and 50 MA. Let's see how far it can push. Hopefully to the .765 level!

Here's our gameplan:

Buy AUDUSD @ .75775
SL .754
TP .765


Remember proper risk management! This is a 30 pip loss with an excellent R:R. Remember to lock in profits at 30 pips profit with either a break even or slight profit. Continue to trail it as it rises, allowing you to profit still should it turn on you!
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