Would You Go Long, Short or No Trade on $AUDUSD Here?

(Oct. 5 2017, Daily)

This is good practice to recognize price action setups. If you would trade this chart, before you hit the play button on this chart, leave a comment below and let me know:

1. Why would you go long or short?
2. Where would you place your stop loss?
3. Where would you place your take profit?

If you wouldn't trade this chart, then simply say "no trade."

Then hit play to see how your trade would have worked out. If you like these exercises, let me know and I'll create more.