(J) Trade 14 : Renewed downside pressures possible #forex

Update: Stopped out
Profit= -$600 .
Balance= 31 017 - 600 = $30 417
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Trade 14: SHORTED AUDUSD @0.7680
Trade Status: Active
S.L @ 0.7730
T1 0.7600
T2 0.7535

For $30 592 Balance, Position size = 1.2 lot ~ 2% risk of capital
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Reasoning

• Retest of recent horziontal borken support
  
• Descending resistance
  
• Broken rising trend line
  
• Multiple pin bar on retest
  
• Negative sentiment surrounding markets, may support lower yielders.
  

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