AUDUSD - High Probability Short Setup

FX:AUDUSD   Australian Dollar / U.S. Dollar
552 8 21
Price has broken a rising channel after a five wave structure. It has retraced and retested the lower trendline now previous support, now acting as resistance. A very nice opportunity is ahead. I will enter this trade with two positions aiming for the lower trendline of a bigger channel.

Stoploss and profit targets as shown at the chart.
Trade closed: target reached: First target reached. We may now move stoploss at our second position at breakeven
Trade closed: target reached
That was a nice one! Classic style
+1 Reply
You are one of the best traders here mate.
Fxprotrader morshedul.sazid
Hahaha... Thank you my friend.. The only thing i do is try to be ok.. I always, always improve and learn as much as i can. Not only in trading, but in life general..
+1 Reply
morshedul.sazid Fxprotrader
Well said :)
Nice - so simple!
Fxprotrader P_Parker
Simplicity is power :)
+1 Reply
great setup
Fxprotrader tupaitrader
thank you very much.. It's working great till now..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out