Simple trade on AUDUSD
Updated
Price is reacting from a level of inner structure (look at the HTF), and that is the reason why I will not aim for a re-test of the highs. I am now waiting for a DB to occur, that will be my reason for entry on this trade.
Trade active
Filled at 1.7295. That made my R/R 1:1.3, which is above my minimum 1:1.Note
Stops moved 10 pips below the DB at 0.7278 because of the H3C above the double bottom. Hey, whenever you can reduce some risk, do it.Note
Tgs were hit, but I didn't get filled, stops moved to break even.Trade closed: target reached
BOOM
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