AUDUSD: possible trade scenario

Possible trend reversal in AUDUSD, the price and 9 EMA + 21 EMA indicators are above 50 EMA on 1h chart (which wasn't the case since 10th of March)...

Entering the market from 0.58550 price with S/L below 0.56600 and T/P around 0.64660 provides decent R:R opportunity.

Keep in mind, that the bias is still bearish, so proper position sizing is crucial.

I would like to remind you, that this is not an investment advice (nor any of my previous posts).

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