Trend Line Breakout

I got some fun and made a nice profit on AUDUSD. As shown below, after AUDUSD has broken a downward trendline, the price retraced back to the previous level and took of nicely. Trendline Breakout is one of the most easiest ways to take a trade. It requires no indicators and special skills. Simply identify the line breakout and go for it. For this trade, I got about 80 pips while risking about 20 pips.