I recently entered a trade, Aud/Usd for a long position. If we look at the weekly chart we can see that Market has been ranging for several months between, 0.77747 and 0.71599. However Market has now broken through and we are expecting a continuation in the upward direction. If we step down to the daily timeframe, we can see that market has been forming higher highs and higher lows. So far the trade has been going good and I'm in the money by about 90 pips at the moment. If you would like to learn how you can better navigate the forex market, contact us at https://www.rivermount.org/