Forex - audusd bull bias - get in here!!

✅ Basic Trade Info:
Pair: AUD/USD

Entry: 0.6550

Target: 0.7800

Move in pips: (0.7800 - 0.6550) = 0.1250, or 1,250 pips
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Position Size Formula
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Risk: $500

Stop Loss: 50 pips

Pip Value (standard lot): $10 per pip

Potential Profit
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Move = 1,250 pips (doesnt mean it will happen (be real with yourself))

Pip value at 1 lot = $10

Profit = 1,250 pips × $10 = $12,500
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✅ Chart Observations
Current Price: ~0.6554

Strong Monthly Support Zone: Around 0.60–0.62, which has been tested and rejected — forming a swing low with a long wick (bullish rejection).

Structure:

Price is forming higher lows after bottoming near 0.5914.

It’s approaching previous monthly resistance near 0.68–0.70.

Major Resistance Level (Target): The horizontal line at 0.80072, which aligns with previous monthly highs — a long-term resistance target.

Long-Term Trend: Still technically down from 2021, but showing bottoming behavior and potential reversal structure.
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PAIR: AUD/USD
DIRECTION: LONG (BUY)

ENTRY:
- Level: 0.6550

STOP LOSS:
- Level: 0.6390
- Distance: 160 pips

TAKE PROFIT:
- TP1: 0.7050 (intermediate)
- TP2: 0.7800 (final target)

RISK-REWARD:
- Pips Risked: 160
- Pips Potential: 1,250
- Ratio: 1:7.8

POSITION SIZE (At $500 Risk):
- Lot Size: 0.31 lots
- Value per pip: ~$3.10
- Risk if hit SL: ~$496
- Reward if TP reached: ~$3,875

MANAGEMENT PLAN:
- Scale out ~25–30% at TP1 = 0.7050
- Move SL to breakeven after weekly close >0.7050
- Hold remaining position to final target (0.7800)

RE-ENTRY ZONES:
- Aggressive addition: 0.6450–0.6480 on bullish price action
- Confirmation: Monthly close above 0.7050 indicates trend shift

RISK FACTORS:
- USD strength (Fed policy, safe-haven flows)
- China economic slowdown impacting AUD
- Diverging rate policies between RBA and Fed

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