TheRavensForex

AUDUSD Buy - the 4hr pinbar is formed, the higher low is confirm

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
A possible sniper entry opportunity has arisen with a 4hr pin bar. The higher low set on the trendline and double bottom formation also confirm this. We expect the price to reach the first target at 0.685 and possibly continue to 0.70102.
Trade closed manually:
Closed with 1% due to lack of volume.
Trade closed: target reached:
target reached, congrats if you are still holding it :)
Comment:
I took EURAUD sell instead, as it has more bounces and consolidation that has a higher chance to play out.

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Ideas break out:
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