Short AUDUSD! New Lower Low Formation and Breakout of Key Level

6 févr.

We expect further downside on this pair, signalled by the formation of the new lower low which is a sign of bearish market structure. We can also see the breakout and retest of a key level which further supports our directional basis.

6 févr.

Note

Price is approaching our TP. We will wait and see how price reacts when the USA traders enter the market.

6 févr.

Note

Price has reverted back to our entry to take out trades who moved stop losses to breakeven. The trade still has 3 hours until New York close before we close as per our trading plan rules.

6 févr.

Note

Price has just tested the top of the Asian range.

6 févr.

Trade fermée manuellement

Trade closed at around 0.5% loss. Onto the next setup.