AUDUSD: Possible Buy Opportunity

It looks like I need to start a new topic like "Missed Trades".

As I have a lot for work to do, not always I can get all possible traders provided my trading strategies. That's why I try to optimize my trading and diversify it among different markets, trading styles, and tools.

In this post, I would like to show you a setup from my main trading strategy.

The price bounced from the support zone between the daily uptrend line and SMA200. The market gave us a trend reversal signal based on a bullish divergence. When the price broke the local downtrend line, we got a buy signal. Of course, we could open a long position without waiting for a breakout. The bullish divergence and signals from RSI and MACD supported the upward movement.

Entry Price: above 0.68600
Stop Level: below 0.68985
Profit Target: at 0.68985

Risk per trade could be no more than 1% of the capital.