mohammed0141

AUD/USD Trade Setup (High Probability)

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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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