AUDUSD downtrend on D. It was coming down hard to an area of support. 4H shows 2 sets of traps. Considering how hard the decline was I opted to forego buying at the first trap, but still used it to help slow the drop. As the 4H approached the 2nd lower trap I bought on a Limit at 70. The thinking was the fall was a bit overdone seeing that it put together 9 consecutive red bars.
The trap held, but considering the hard downmove I expected another attempt to drop. 4H left a worrisome wick, but it was all about the test of the lows. 15m shows AUDUSD and NZDUSD were both testing the bounce.
15m shows the test held but the subsequent advance was poor - lots of alternation and tapering. I exited for +48.
Summary: +1.7R
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