FX:AUDUSD . I have entered a counter trend trade on this pair. Price has come up to the 6200 level which is a previous level of structure. After a massive rally up. If this goes in my direction I will trail my stop down.
Pair: XAU/USD S
Observation: This pair formed a new lower low having broken through previous support which was tested twice and after and evening start pattern formation. 1D view is also in favour of a short. I will short this pair and target 1240.74 then 1222.31 and SL 1276.52. Risk/Reward is 1.4.
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