100220-110220 AUDUSD PROFIT

Pattern Formation

The pattern formed is not a complete one. But the place is ideal. I thought the sell was over extended, as again I thought USD strengthening was weakening, and was due a reversal. So I took the trade.

Trade

Heralso I took a pre mature exit. But I think that was a better judgement, due to the awkward pattern formation and the upward march of USD.