On March 19 2024 I published an article –> AUDUSD : Setting Up for a Move Higher? , where I gave the area to look for buying opportunities.
AUDUSD 1 Hour Chart March 19 2024 (Entry)
AUDUSD 1 Hour Chart March 20 2024 (Target Hit/Closed Trade)
Buy trade entered at 0.6522 with Stop Loss at 0.6492 and on March 20 2024 AUDUSD moved higher to the 1:3RR target at 0.6612 where I closed the buy trade for a +90 pip move higher and a 1:3 Risk/Reward winning trade. (Risking 1% on every trade)
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup.
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