Just for the sport, quick AUDUSD long trade setup...

On the daily chart we can clearly see a Higher High is been made. On the 4 hour chart we can see that price finds support @0.683, this could be a nice window of opportunity to get in a quick long trade to 0.691. For beginners who are new to Forex trading this is a nice setup to trade, very low risk if your trade size isn’t too big. You will see this setup unfold within a week.

Just be patient and enjoy the show!

Trade ist aktiv:

I just entered this trade because I saw a new level of support @0.688

Trade geschlossen: Stop wurde erreicht:

Support wasn’t strong enough and Price plunged all the way down.