Trade Setup: AUD/USD – 15 Sep 2016

15 Sep 2016
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15-sep-2016-audusd

Candle Stick Pattern: Morning Star at (1)
Confirmation:

  • Touched outer band of Bollinger Band at (1).
  • Stochastic oversold range at (2).
  • Retesting previous resistance at (3)

Signal: BUY
Entry Point: 0.7515
SL: 0.7443 (72 pips) (Nearest support level at (1) & (3))
TP: 0.7641 (126pips) (Nearest resistance level at (4))

[UPDATE 1 – 19 Sep, 2016]

Set SL to Break-even.

[UPDATE 1 – 22 Sep, 2016]

15-sep-2016-audusd-cont

Trade closed in TP.

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