TradingEW
Short

AUDUSD short setup of the month

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
69 3 4

This pair almost completing an abc correction (2) retracing previous range, an impulse wave (1).
Now set to sell on deep retracement, with sell limit @ 0.7182 SL @ invalidation of upper channel line for better R/R.
There she goes, would it be a confirmed reversal so far?
snapshot
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I agree with this, I have two positions open from .7150 and .7170 stop above .7200 these have been open since last week, now waiting patiently.
+1 Reply
TradingEW cashmachine01
Yes, good R/R you've got there, Even small position sizes could be good winners.
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