DavidPortaro
Long

Looking to re-enter on support break and retest

FX:AUDUSD   Australian Dollar / U.S. Dollar
FX:AUDUSD            



My bias is currently long on the AUDUSD             due to close and bounce on short term daily uptrend line and well as break on long term downtrend line (yet to close above on daily)

Will look to re-enter long at break and retest of @.75305 level with a very tight 5 - 10pip stop

Trade active: Entered @.75305
Initial stop @.75254 (trailing at 10pips)
Limit set @.75606
Trade closed: stop reached: Trade stop out @.75254 for a 5.1pip loss.

Will now what for proper retracement and reverse candle pattern on 1hr and 4hr chart.

Ps I'm only trading demo account so take that into account when reviewing my trades and analysis. Will advise when I go live, which will be next wee sometime.

Happy pipping.
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