AUDUSD Trade Signal – Long Wicked Candle Bounced Off A Trendline

We have a signal for a short trade on AUDUSD. My entry is at 0.70405 with the stoploss at 0.73474.

2016-01-29-audusd-20161020200707

This isn’t a perfect bounce, but remember that trendlines are just like S&R. They’re general areas, not exact lines. This one is the 4th bounce on the general area, so it’s considered a “bounce” and is a good trade signal!

By |2016-10-20T21:10:41+00:00January 29th, 2016|AUDUSD|0 Comments
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