AUD/USD Trade Plan (15 October 2017)
View: Bullish AUD/USD
Price has broken former resistance 77.05 with a daily close higher: 77.05 is now support
Trade: Buy AUD/USD at 77.35
Stop Loss: 75.60 (below last significant daily swing low).
Trail order as the trade moves into the money.
Target Price: 80.85 (Recent daily swing high)
Max gain: 350pips
Max Loss: 75pips
Risk/Reward: 1/5 approx.
May your trades be profitable.