AUDUSD long 4h 4RRR PEPPERSTONE

4hr timeframe long, looking at AUDUSD, marked previous break out failures & gains. Simple price action retests within a range, not a trade aiming to see new breakouts or new lows/highs.

Simple local price action trade with 4:1 risk/reward. Ideal price action based trade, wishing to see it play out within the next few days.

Trade closed: stop reached:

out, closed out pos, $0.6612 failure