Target 1.0845
stop 1.0785
AUD.USD is sitting on a major hourly support line. If we were going to get a bounce, it would happen at this level. I put stop 20 pips bellow the support line. I am keeping exit/stop tight on this trade because this is a counter trend trade and I don't want to be left holding a position against a major down trend if it gets extended.
UPDATE 1:20 PM
Just got stopped out of AUD.USD trade @ 1.07847 for 20 pips loss.
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