Good evening,
In my previous idea we shorted the distribution of audusd. It hit tp 1 tp 2 really nice with good R\R profit. TP3 closed manually in the reversal.
Now it is retesting the distribution and also the upper resistance of the channel
The only risk here is the elliot wave impulse down is finished so we could get a ABC or 12345 up now on higher TF
Since the Risk Reward ratio is really good, the setup is legit in terms of trend, i will enter this when market is open, but i will risk less then normal on this trade.
This is not financial advise
Trade safe
In my previous idea we shorted the distribution of audusd. It hit tp 1 tp 2 really nice with good R\R profit. TP3 closed manually in the reversal.
Now it is retesting the distribution and also the upper resistance of the channel
The only risk here is the elliot wave impulse down is finished so we could get a ABC or 12345 up now on higher TF
Since the Risk Reward ratio is really good, the setup is legit in terms of trend, i will enter this when market is open, but i will risk less then normal on this trade.
This is not financial advise
Trade safe
