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lawlee9

AUDUSD Reversal to retest broken trendline

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
lawlee9 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
3
0
AUDUSD broke out of a major trendline, and took a deep fall with little retracement. Price met support at the retest of a weekly trendline, and is now showing a reversal pattern. If this next 4H candle closes as a pinbar, then that is the signal to enter long at its close. Stop loss should be set to .73248. Target .7715
Comment:
Pin bar created close to the lows. Buy signal with a stop loss at .7290. First target .7500
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