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AUDUSD Buy setup.

I have spotted a AUDUSD buy setup using my SilverTrader software for MetaTrader 4.

Here is the 5 minute chart check out the congestion. Ready for a buy.

 

For the trade setup I switched to the 30 minute chart to get my levels.

 

Stop below the BLUE lower support @ 0.9055
Take Profit above the white line @ 0.9141
Order Entry above the Yellow Line comes in @ 0.9083

Thats 28 Pips Risk for a 58 PIP trade. (at least) I will re-evaluate it tomorrow and see if i increase my take profit. I will move my stop up as the trade goes on.

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