AUDUSD Institutional Buy Setup

I'm looking at our Institutional research right now and it appears that they are targeting the .731 on the downside. The latter will be a key level and a sustained break will open up further downside. However there will likely be profit taking and potential institutional buyers at the level so it will offer a good opportunity for a quick buy. As always we will be using a 30-40 pips stop and look to get whatever we can on the profit side. You don't want to get greedy, especially when you are going against the overall trend. Good luck with it guys!

Trade closed: stop reached:

Stopped out of this... no buyers came in.