The Aud/Usd had made a "morning star" on daily chart 800sma. The moving average position was not verified with another trading package. Expected travel till the 200sma. For this trade to be sound, it has to retrace to at least 1.0250 as the possible stop is at the bottom of the hammer.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only post public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
