AUD/USD - Short-Term-Trade - 2H Trend-Line Rejection Entry

AUD/USD - Short-Term-Trade - 2H Trend-Line Rejection Entry
@: 0.77597
T/P: 0.76994 (+60 PIPS)
S/L: 0.77847 (-25 PIPS)
Risk:Reward 2.4:1 (Great)
ENTRY: As we see that our 2H candle has closed -BELOW- our trend-line making this a trend-line rejection. As well we drew a minor 4H trend-line and also price has closed -BELOW- giving us 2 confirmations of a possible down-side.

S/L: We are placing our Stop +5 PIPS above our previous high that tried to turn into a possible upside.

UNEXPECTED: How we are still close to our trend-line we could possibly see price closing -ABOVE- and giving us a "fake-out"; if that were to happen we may be adding a LONG position but only if our S/L get's hit. We will not have 2 active positions contradicting them-selves.

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