AUDJPY Short 2:1 RR

Another trade after we already banked on this one.
Price printed nice bearish order flow on multiple timeframes to justify an extra short opportunity.
Waiting for pullback.

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Price broke previous swing. Will have to readjust the trade. Order is removed for now. Will be updating a trade here still.

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Recalibrated my position size: 9.2 pip stop now.

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We are getting a Death Cross on 4M. Pretty good short-term sign supporting our short bias. (Still need to get tapped in though).

Trade active:

Tapped in.

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Good 4M close. Holding.

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Death Cross confirmed.

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Not going against us and decelerating - good sign.
Still being vigilant for possible early exit.

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Still holding. Price is decelerating. Good sign. Alertness up though.

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4M doesn't look good, but 15M may still close well.
Holding.

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Not ideal 4M close. May obviously go to full -1 from here, but the hold must be executed right now. Has a chance to drop still

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15M -> that's why I mentioned it still has a chance. It doesn't yet mean anything, but chances have just definitely improved dramatically. #Probabilities

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Looking clean.

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Developing well.

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Inching closer to 1:1

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Getting that turnaround.
Might be a re-test. Still holding as price did bounce from 1H50 (15M200).
Early close is in the cards. But holding for now.

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If this 4M candle closes like that - we're out.
(5 minutes till 1H close) thus we are likely to get a bad 1H too. Better to get out, but we'll see how itcloses.

Trade closed manually:

We're out for-0.6.

Unfortunate, but it is what it is.

Comment:

Notice once again, how early close makes money in real time.
Reducing the average risk allows us to bank higher RR ratios. Very good.
Breakeven for the day for now. Still 1 hour left in the session, maybe we get a trade till it ends. Will see.