Reversal trade on AUDUSD

4 Mar 2018

AUDUSD has been making higher highs and higher lows since the beginning of 2017. Last Thursday and Friday we have seen a bullish pinbar formation of of a support level. Could this be the next higher low? I will be looking to trade a short term bullish reversal with an entry at the 50% retracement of the formation. My stoploss will be below the support zone and I will be targeting 2R profit.
This trade is counter trend on the short term, but with trend if we just made a higher low.

5 Mar 2018

İşlem aktif

Limit entry order long was filled. Stop and tp in place.

6 Mar 2018

Not

Moved stop to break even.

6 Mar 2018

İşlem kapandı: hedefe ulaştı