AUDUSD Hello traders. Wishing everyone a productive week ahead!
Today, the U.S. Manufacturing PMI (May) and the ISM Manufacturing PMI (May) reports will be released — both are high-impact events for the markets. This week, in particular, is expected to be news-heavy.
That said, it’s wise to remain cautious with trades. My plan is to open a few trades before the news and close them beforehand. One of these opportunities has emerged on the AUDUSD pair. I’ve already taken a Buy trade, and it's currently active.
This setup has two key Take Profit zones:
First TP: 0.6487
Second TP: 0.65137
I’ve personally targeted the first TP level, so I’ll be sharing the details of that trade. However, the same structure applies to the second target as well if you choose to aim higher.
🔍 Trade Details:
✔️ Timeframe: 15-Minute
✔️ Risk-to-Reward Ratio: 1:1 / 1:1.50 / 1:2
✔️ Trade Direction: Buy
✔️ Entry Price: 0.64587
✔️ Take Profit: 0.64865
✔️ Stop Loss: 0.64446
🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes.
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