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mohammed0141

AUD/USD Trade Setup (High Probability)

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
mohammed0141 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis AUDUSD audusdshort Forex forextrading Currencies
3
0
trendanalysis chartpattern beyondta audusd audusdshort forex forextrading currencies
We've broken the HTF double top in the form of an ascending channel. Within the ascending channel, we've reached the structure high for that 3rd touch. Now we're waiting for price to fill the spike and form a retrace. I'll be entering on the retrace formed after filling most of that wick with a 15-20 pip stop depending on the size of the 1hr retrace.
Comment:
Looking at this now, you can get in on the doji and still have nice cover with a 15 pip stop and that's what i'll be doing.
Comment:
If you don't get triggered into the doji entry but we end up getting a retrace after filling the spike, then i'll be readjusting my entry to the 1hr retrace.
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