AUDUSD - Back With The Trend

The previous buy was a backdoor. It's failure on D means the trend is intact and my job is to get into the trend trade. 4H moved up in 2 legs and left wicks in the cheese. The high entry was missed - happened during Asia. Still the mkt remained in that area so I took the short with a slightly reduced position.Initially I tried an entry at 85, but on 60m it dropped to 75. I lowered my Limit to 80 and was filled on a quick bounce.

The trade took no heat and worked right from the start allowing me to reduce risk quickly. Tgt was the lower trap for +55 or 2R. The entire AUD group was correlated for AUD weakness and I questioned whether I should bag the win and instead shoot for more.

A day later reveals the answer - it's gone about 110 pips (4R). That is the power of group correlation. 4H also shows the previous buy and how my exit for +48 also didn't capture a lot of the move - that went 100 more pips after I exited.

Summary: +2R