AUDUSD - 15min short entry (3:1RR)

AUDUSD has rejected the 78.6% on the 1hr timeframe. A LH has already been formed at this zone on the 4 hr timeframe. The entry reasons and confluences are:

· EMA broken and retested

· Bearish structure formed (LH and LL)

· Break of trendline

· Break and retest of previous low with engulfing bearish candle.

Trade active:

Trade 70% into TP. Moving SL to breakeven.

Trade closed: target reached:

Trade won at 3:1 RR. Position Closed.