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AUDUSD, Short Opportunity. 1:5+ available.
Australian Dollar / U.S. Dollar
Short
AUDUSD, Short Opportunity. 1:5+ available.
By Jiraiya_eth
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Updated
Apr 15, 2021
1
Cheer
Cheer
Apr 15, 2021
Good morning everyone,
A nice opportunity setting up on AUDUSD.
Price is showing a clear AMD model going into the Daily/Weekly Bearish Orderblock after breaking to the top side of the H4 range.
On the H1 chart, we see a clear break in the bullish market structure indicating a potential reversal short soon.
I've got quite a large SL on this trade idea; however, personally I've got a stop above the highs of Asia (10 pips approx as opposed to 20)
Feel free to do the same; however, there is a chance price can stop hunt above these highs before the reversal.
The targets to the downside are clear and defined.
Let's see what happens.
Apr 15, 2021
Comment
Re-entry available with a stop above the day's high (0.77670)
Take profit targets remains intact.
AUDUSD
Bearish Patterns
Beyond Technical Analysis
Chart Patterns
marketstructure
orderblocks
orderflow
RRR
short
Trend Analysis
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