AUDUSD on the daily time frame has been hovering around the same area for a few days now and respecting the lows. This is a sign that it might have reached the bottom and is collecting some fuel for a bounce back. However a break will see a sell to 0.72
Best is to start with a buy position with a 40 pip stop loss. If that stop gets hit it means the support is broken and it will sell further. so at that point you enter a sell which you hold for 200 pips an you make a nice profit. But for now the signs show it will buy so we go buy. Switching to sell is our Plan B which we probably wont need.
Best is to start with a buy position with a 40 pip stop loss. If that stop gets hit it means the support is broken and it will sell further. so at that point you enter a sell which you hold for 200 pips an you make a nice profit. But for now the signs show it will buy so we go buy. Switching to sell is our Plan B which we probably wont need.
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2nd buy added