AUD/USD 1H Short Setup
📉 Entering a short trade on AUD/USD as price breaks below the ascending trendline. I'm watching for a possible rejection at the current highs to confirm downward momentum.
🔻 Entry: 0.67922 (waiting for confirmation after trendline break)
🎯 Take Profit 1: 0.67446 (+47 pips) + Move SL to BE
🎯 Take Profit 2: 0.66924 (+99 pips)
🎯 Final Target: 0.66222 (+170 pips)
📈 Stop Loss: 0.68538 (-62 pips)
This setup is based on the potential rejection at the top, with the trendline break acting as a signal for short-term bearish continuation. I'm managing risk with a SL at 0.68400, and once TP1 hits, moving SL to breakeven.
🔻 Entry: 0.67922 (waiting for confirmation after trendline break)
🎯 Take Profit 1: 0.67446 (+47 pips) + Move SL to BE
🎯 Take Profit 2: 0.66924 (+99 pips)
🎯 Final Target: 0.66222 (+170 pips)
📈 Stop Loss: 0.68538 (-62 pips)
This setup is based on the potential rejection at the top, with the trendline break acting as a signal for short-term bearish continuation. I'm managing risk with a SL at 0.68400, and once TP1 hits, moving SL to breakeven.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.