I am already short on AUDUSD anticipating a breakout of the structure. Might be risky given the market moves of today. None the less, I dont want to miss this opportunity. Besides I have a tight SL on this. If it works out the R:R of the trade is above 1:6. Win or loose, a very good trade in my books.
This is just my opinion and not intended to be a trade call. Thanks and happy trading.
At the end of this retrace candle is a good time to go short...
fxmillions
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I entered a bit early, expecting a sharp drop which was not to be. Seems like I will be taken out at SL. I will let it play out, none the less. Thanks for the input.