$AUD/USD Long swing trade set-up

4 Feb 2019

Entry long off buy zone .618 - .786 fib and confluence with previous swing high (resistance, now support) prior to strong move. Directional bias due to bullish sentiment on higher time frames (4h, 1d and 1w). I tend to set generous stop losses with reduced risk%. Profit target as per T1 to take 60% and leave the rest on the table with SL trailing price movement.