AUDUSD countertrend scalp

22 thg 1, 2015

2010 low seems to be holding intraday on the H1, we have yet to close below this level on a daily basis, despite the obvious downtrend, i.e. it is getting a reaction. This is a risky long given the overall trend and recent smack-down from above 0.82, but potentially the price may seek to bounce to the daily pivot or most recent broken support at 0.8150/60. Targets as per the trade indicator are approximate - I prefer to watch price action v time and change stop/target accordingly.