Today's opening of AUDUSD 0.74643 opened higher than yesterday's opening yesterday with a price of 0.73948 and the uptrend is still happening for the AUDUSD pair. Technically using Fibonaci, the current price is 0.74669 and the price wants to try upwards to reach the price of 0.74950 and if that price can be broken then the next price will go to 0.75189 with a price range movement of 0.75428 ? 0.75668 but if the price is not able to be broken then the price will return trying to go down to the pivot at 0.74231 and even 0.73991 with a movement in the price range of 0.73752 ? 0.73033
Recommendations for open positions:
BUY STOP 0.74800
SELL STOP 0.74450
NB: Use 2% risk for every open position
For TP and SL, please set the MM that you risk with a risk: reward ratio (1:1 or 1:2) if one of the pending orders has been touched, delete the untouched
Use Trailing Stop or Lock profit to maximize profit.