Counter Trend Trade Idea for AUD H4

20 sept 2016

A consolidation pattern , pennet has formed. The bet is for a continuation to go up or a reversal to go down. It looks like a top of the H4 upwave. Hence a bet of reversal could be the scenario to play out. A counter trend short idea is developed with a potential less than 45pips.

20 sept 2016

Nota

Need to trade with smaller size than usual becos it is a counter trend trade.

21 sept 2016

Operación activa

short at 0.7544. SL 0.7575 Risk 31 pips

21 sept 2016

Operación cerrada: objetivo alcanzado

Loss 31pips. It looks like breaking towards the up side.