AUDUSD: Broke the range, long trades in play
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:
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.