MrVolcano
Short

AUDUSD - 1h - pinbar at break of support

FX:AUDUSD   Australian Dollar/U.S. Dollar
39 0 1
7 months ago
Bearish pinbars rejecting support at 0.7500 and 21EMA.

Placed a SELL STOP order below previous low as confirmation that price is definitely heading south.

Oscillators are all looking bearish on the 1hr and 4hr charts.

Target set for 0.7400.
7 months ago
Trade closed: stop reached: This could have been a profitable trade, however my stops were set WAY too low. Would have been better (and should have) set SL above the high of the pinbar at 0.7517. Price actually retraced as high as 0.7510 before shooting off south.

Lessons:
* always put SL behind the nearest high.
* be patient and wait for retrace to get better price.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out