AUDUSD: Broke the range, long trades in play

Written by Raul Lopez on . Posted in Trades & Analysis.

The AUDUSD kept trading in a very tight range in the last 2 weeks. But earlier today the Aussie broke that range for the upside, this is what I got:

AUDUSD
AUDUSD

Now that it is out of that range, we entered a bullish market condition and should be looking only for long trading opportunities.

My Trading Plan:

As long as the AUDUSD keeps trading above 0.8781 I will be looking for long trading opportunities. All TP orders will be placed below the next long term resistance level around 0.9006

All short trading opportunities will be ignored.

Trade Safe!

Raul Lopez

AUDUSD Analysis, aussie analysis, australian dollar, Forex majors

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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