AUDUSD Long 14/10/24

Asset Class: Forex
Income Type: Weekly
Symbol: AUDUSD

Trade Type: Long

Trends:
Short Term: UP
Long Term: Up

Set-Up Parameters:

Entry: 0.67402
Stop: 0.66922
TP 0.69823 (5:1)

Trade idea:

Confirmation Entry, 1D DBR , Downtrend Reversal to Uptrend from a Daily DZ, RSI oversold.

!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.

Trade management:

**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.

** Put alarm above the SL as there is a FVG just below it, if the price pullback close to the SL consider moving the SL below the FVG@0.66736

**Disclaimer**:

The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.