AUDUSD - 15min short entry (3:1RR)
Updated
AUDUSD has rejected the 78.6% on the 1hr timeframe. A LH has already been formed at this zone on the 4 hr timeframe. The entry reasons and confluences are:
· EMA broken and retested
· Bearish structure formed (LH and LL)
· Break of trendline
· Break and retest of previous low with engulfing bearish candle.
· EMA broken and retested
· Bearish structure formed (LH and LL)
· Break of trendline
· Break and retest of previous low with engulfing bearish candle.
Trade active
Trade 70% into TP. Moving SL to breakeven.Trade closed: target reached
Trade won at 3:1 RR. Position Closed.
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