AUD/USD Contracting Triangle Breakout (TCT)
Good Afternoon,
Been looking for this set up for a while now. Waiting for price action to retest trend line for confirmation to go short. This is a longer term trade, if you don't have a finalized entry expect your position to swing against you. This is also a trend continuation trade, AUD/USD is bearish. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Been looking for this set up for a while now. Waiting for price action to retest trend line for confirmation to go short. This is a longer term trade, if you don't have a finalized entry expect your position to swing against you. This is also a trend continuation trade, AUD/USD is bearish. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Trade closed: target reached:
TP 1 reached.