hisah wrote:Getting long on AUDUSD now @0.9419 TP @.9430 on lot size 2.0
I'm already short from .9452 but for a fast trade a long here from oversold levels for some quick pips.
It's likely to go much higher than 0.9430. In fact, it is likely to go beyond 0.9477 (47+ pips from your TP), but before it starts on an upward trajectory, it may drop to the 0.93852 during the Asian Session. Overall, I think it will be bullish. My TP is @0.9500, but I am open to the fact that it may not happen this week given that it is about 83 pips away from the current price. So far, I'm +26 pips on the trade, but was 50+ pips at one point during the London Session.