AUD/USD LONG - Break of Trend Line/4HR Morning Star/Daily Hammer
The pair has broke the trend line convincingly, I was waiting for the Daily candle to close above the trend line. It touched the trend line and was rejected back up, also the daily candle is a Hammer. The 4HR candles have created a morning star.
TP @ 0.77006
SL @ 0.75403
R/R @ 2.54
TP @ 0.77006
SL @ 0.75403
R/R @ 2.54
Note
SL moved to just below new 1HR support.Trade closed: target reached
SL reached, 66% of target profit achieved.Note
was less than 4 pips from achieving target.Note
Should have stayed in the trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.