AUDUSD 1:8RR Trade Recap

A Very nice setup presented itself during London Open. Most people trading AUDUSD seem to be short right now so this trade was ripe for picking.

My expectation was that London Open would be making the low of the day and it would follow through for the rest of the session and continue moving higher in NY.

My expectations were correct and we were able to see a nice move on AUDUSD.

I closed the position at 1:8RR as I had a hard profit target set.. however, looking back I should have left a small portion of the position open as this has a lot of swing trading capabilities.

I hope you enjoyed this recap!