Eddie3026

AUD/USD Sell, using wick rejections and Fib levels.

CAPITALCOM:AUDUSD   Dolar Australia / Dolar A.S.
One of my best trades to date. Price had retraced to the 0.786 level with multiple wick rejections within the 30M supply zone.

A series of doji and pinbar's signalled a possible reversal.

A sell stop was placed on the 0.786 level and price broke through with momentum.

TP was initially the major low but was closed towards the end of the trading session as I didn't want to hold the trade over the holiday weekend.

Profit: 3:3R with SL managed throughout dropping down when structure formed.

Penafian

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