AUDUSD bullish pin bar opportunity

Price is trending up nicely on this 6 hour time frame and daily time frame. Bullish pin bar has formed on retrace. Price has retraced to a previous resistance area and past the 50% fibonacci level. Price is also between 8 and 21 period moving average. Entry placed at half way of trigger candle. Stop loss placed below the recent resistance area. Profit target placed at next resistance area. Ris to reward is 2.3.

Yorum:

order cancelled after entry price was not reached.