The AUDUSD traded mostly sideways going into the U.S. session overlap. A short set was taken risking 11 pips for a potential 48 pips to our daily target at .7409. Price moved lower and we locked in profits as it did. A reversal pattern set up and we re-entered long risking 10 pips for approximately 20 pips for a test of the recent support level and potentially a test of yesterday’s low after that.
Next week looks like another busy economic news week and Friday will be a holiday for much of the world.
Enjoy your weekend and good luck with your trading!
