Looking to re-enter on support break and retest
Updated
AUDUSDMy bias is currently long on the AUDUSD due to close and bounce on short term daily uptrend line and well as break on long term downtrend line (yet to close above on daily)
Will look to re-enter long at break and retest of @.75305 level with a very tight 5 - 10pip stop
Trade active
Entered @.75305Initial stop @.75254 (trailing at 10pips)
Limit set @.75606
Trade closed: stop reached
Trade stop out @.75254 for a 5.1pip loss. Will now what for proper retracement and reverse candle pattern on 1hr and 4hr chart.
Ps I'm only trading demo account so take that into account when reviewing my trades and analysis. Will advise when I go live, which will be next wee sometime.
Happy pipping.
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