AUDUSD broken the mini uptrend lower line yesterday and I expect it to go further down.
0.744 level has provided a little bit of resistance in the past few hours and was in a strong historical base - so is the 0.741.
It may be all driven by today's US data, it can either break the 0.741 or going up above 0.744 to resume it's upside momentum within the major downtrend channel.
SL and TP are fib based, SL is a few pips above 4H 20MA. GL
NOTE: trailing stop is better on this one.
0.744 level has provided a little bit of resistance in the past few hours and was in a strong historical base - so is the 0.741.
It may be all driven by today's US data, it can either break the 0.741 or going up above 0.744 to resume it's upside momentum within the major downtrend channel.
SL and TP are fib based, SL is a few pips above 4H 20MA. GL
NOTE: trailing stop is better on this one.