Update on AUDUSD as New point 3 formed

5 May 2020

A new point 3 has formed in the 123 pattern for the pair and it had to be updated. Now, a pin bar has formed for point 3. This is a short. Place pending order to enter at the low of the pin bar, some pips below it, and stop loss some pips above the high of the pin bar. TP is shown on the chart; at the next support.