Hi everyone! The AUD/USD looks bearish on the daily and 4-hour time frames and is following a downtrend momentum. After creating a CHoCH and BOS on the 1-hour time frame, I decided to short this trade when it retests the 15 OB. Below is my trade idea; please conduct your own analysis before entering any trades.
Sell limit order
Entry @ 0.63265
SL - 0.63645, 38pips
TP1 - 0.62885, 38pips
TP2 - 0.62500, 76pips
TP3 - 0.61885, 138pips
Have a great trading week ahead
Sell limit order
Entry @ 0.63265
SL - 0.63645, 38pips
TP1 - 0.62885, 38pips
TP2 - 0.62500, 76pips
TP3 - 0.61885, 138pips
Have a great trading week ahead
Trade active
TP1 done 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.
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.