Whenever you are about to take a trade there is one question you want to be answered which is this – how much potential is there in the trade? And to answer this we look at the chart across multiple timeframes but in this example, on the AUD/USD it’s a classic which embraces various aspects including volume price analysis, indicators, and support and resistance both from a volume and price perspective. Forget about risk-reward ratios and study the chart – technical analysis will give you the answers!
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