aud/usd long profit target set: 01/10/17
long trade here,
clear support on dotted red line confirmed by support S1, from pivot point
should this trade trigger and trade to pivot point I will move stops to break even or lock in profits with a trailing stop but as price has reach target multiple times this should be an easy win with good chance of success.
risk reward ratio - 2.5:1
entry: 10 point above previous high
stoploss: 10 points Natural support identified by red line,
target: resistance level R1,
move stop loss/possible early target @ pivot level.
enjoy
clear support on dotted red line confirmed by support S1, from pivot point
should this trade trigger and trade to pivot point I will move stops to break even or lock in profits with a trailing stop but as price has reach target multiple times this should be an easy win with good chance of success.
risk reward ratio - 2.5:1
entry: 10 point above previous high
stoploss: 10 points Natural support identified by red line,
target: resistance level R1,
move stop loss/possible early target @ pivot level.
enjoy