Falcon Student - Long AUDUSD
Updated
Entered this risk entry trade at 0.65925 with a 15 pip stop below structure.
Confluence Factor
- Large Daily double bottom with the second bottom being a descending channel
- 3rd touch on the 4HR descending channel with a descending channel
- 3rd touch on the 1HR descending channel with a descending channel
- 3rd touch on the 15M descending channel with a descending channel
Due to the amount of descending channels we can see on the 3rd touch of structures suggests a reversal of price iminent.
Confluence Factor
- Large Daily double bottom with the second bottom being a descending channel
- 3rd touch on the 4HR descending channel with a descending channel
- 3rd touch on the 1HR descending channel with a descending channel
- 3rd touch on the 15M descending channel with a descending channel
Due to the amount of descending channels we can see on the 3rd touch of structures suggests a reversal of price iminent.
Note
Stop to BE as we have broke out of structureTrade closed: stop reached
Stopped out for BE
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