AUDUSD Pinbar @ Resistance

18 Mar 2017

Some room here for a 1:1 RR trade selling on this pinbar hoping for an initial target at around 0.76600. The idea here would be to sell on this pinbar if the market hasn't really changed over the weekend and we're still at a similar price zone. Typically I'd hope to move my stop to break even once the 0.76600 area has been hit and then trail my stop loss accordingly to lock in profit.