There was a range AUD/USD was trapped in for a while in the H1 time frame, it has since broken out of that range and it retesting the support of it, I have taken a short position at the retest in the M15 timeframe and i placed my TP at the nearest minor support level.
TP @ 0.76411
SL @ 0.76704
R/R @ 4.05
TP @ 0.76411
SL @ 0.76704
R/R @ 4.05
Comment:
Exited trade at breakeven, didn't like the look of the H! wicks, although i do believe it will go lower and even touch my TP, the stop is too tight, and can easily be hit.