The AUDUSD is trading at historical highs, yesterday it broke through an important LT resistance level triggering a bullish market condition:

For sure we need to be looking for long opportunities, but where should we set the TP order?

When the market is either trading at historical highs or historical lows, I use a 3:1 risk reward ration, because its impossible to predict where the market is going to retrace. And of course, I help myself with position management.

Trade Safe!

Raul Lopez
Forex Training