AUDUSD SHORT - PINBAR OFF TRENDLINE SIGNALS SELLERS COMING IN

Hey traders,

After scaling into 2 long AUDUSD positions which hit our targets of the blue trend line I now have a short bias.

We now have price action at the same trend line in the form of a bearish pinbar.

Looking at the Higher Time Frame we see that AUDUSD has been in a down trend for quite a long time.

The MACD on the H4 is also about to have a bearish cross.

Risk to reward on this trade is 2, but might be able to let this trade run for much larger.



Daily trade analysis and ideas:

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