Trading idea for the AUD/USD pair

Betting on a fall in the AUD / USD pair, the strategy presented yesterday was to open long positions in the market, relative to the ABC pattern on the daily chart.

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However, instead of just a short pullback in the pair, the quotes closed with a bullish pin bar, which supports the upward trend:

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Thus, in this regard, the next step is to close the long positions and cancel the short signal, following the framework of the classic Price Action and Stop Hunting techniques.

Of course, controlling the risks is necessary to avoid losing profit.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com