AUDUSD Long Trade 28 Apr 2021 +2.83R Profit

REASONS FOR THE TRADE:

Daily chart:

10-day MA was angling up.

4hr chart:

Price was inside a support zone and %K has reached oversold level at the time the trade was considered.

See AUDUSD daily and 4hr charts below.

ENTRY:

Buy order was filled on 28/4 at 0.77398 with a stop loss at 0.7715 and take profit at 0.7810.

EXIT:

Take profit order was filled on 29/4 at 0.7810.

The reward was +70.2 pips against a -24.8 pips risk for a +2.83R profit.

Disclaimer:

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.