Here's a trade I took on AudUsd, which I shorted using Price action, based on H4 chart.
My Analysis:
- general downtrend for AudUSD
- Support at 17-Nov became Resistance on 29-Nov
- price retraced and Pin bar formed showing price rejection
Shorted at 0.9969 with SL 1.0060 (91 pips) and TP 0.9677 (292 pips)
RR: 3.2
Any feedback on this trade will be greatly appreciated.
My Analysis:
- general downtrend for AudUSD
- Support at 17-Nov became Resistance on 29-Nov
- price retraced and Pin bar formed showing price rejection
Shorted at 0.9969 with SL 1.0060 (91 pips) and TP 0.9677 (292 pips)
RR: 3.2
Any feedback on this trade will be greatly appreciated.