AUDUSD / Price retesting Structure Resistance Zone

By Gordon_Chow
Updated
2018-5-10

1. Market has been trending down since Feb and putting a series of LHs and LLs
2. A Previous Structure Low has been taken out (Yellow)
3. We are looking to Short when the Price retests the Structure Resistance (Blue Zone)
Trade closed: target reached
TP#1 Reached

Sitting and waiting for TP#2
Trade closed: stop reached
TP#2: Trailing Stop at entry price
AUDUSDbreakoutbreakouttradingChart PatternsgorestreetgorestreetideasTrend Analysis
Gordon_Chow

Disclaimer