Here is a trade I made last night on the AUD/USD.
Reasons:
1. Trend is down
2. PPZ
3. FIB confluence
4. Pinbar
4-reasons for taking this trade. At the peak I was up around +80 pips but it's retracing a bit now. The PPZ should provide some resistance going forward. My stop is at break even and is safely behind PPZ resistance. Lets see how this trade plays out.
~Mav
Reasons:
1. Trend is down
2. PPZ
3. FIB confluence
4. Pinbar
4-reasons for taking this trade. At the peak I was up around +80 pips but it's retracing a bit now. The PPZ should provide some resistance going forward. My stop is at break even and is safely behind PPZ resistance. Lets see how this trade plays out.
~Mav