Fxprotrader
Short

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
great setup
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Fxprotrader tupaitrader
thank you very much.. It's working great till now..
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Nice - so simple!
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Fxprotrader P_Parker
Simplicity is power :)
+1 Reply
You are one of the best traders here mate.
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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 :)
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That was a nice one! Classic style
+1 Reply
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