KhaleemAli

AUD/USD LIMIT SELL - Evening Star/Breakout/Retest

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
86 views
7
Placed a limit sell order for this pair in the night, the pair created an evening star of the 4HR chart breaking out of the range it was in to the downside, so I created a limit sell order on the retest of the support of the range. The price hit my limit order to the pip and proceeded downwards to my TP level. I knew it was heading down and will head further down still when it broke out of the ascending wedge it was in and was rejected by the monthly resistance.

TP @ 0.76075
SL @ 0.76896
R/R @ 2.5
Trade closed: target reached