Why are we entering?
- Expecting AUD weakness now and USD strength = AUDUSD SHORT
- Waiting for price to retrace before entering
What is our confirmation?
- correction
Entry
- Safe Entry: Once correction is formed, entry on break of correction
- RISK Entry: once price retraces, will draw fib and look for rejection at fib level
Once entered, where will our Stoploss be?
- above price rejection once correction breaks
Where do we take profits?
First TP: 0.722 (300pips)
Second TP: 0.71 (380pips)
Third TP: 0.697 (520pips)
- Expecting AUD weakness now and USD strength = AUDUSD SHORT
- Waiting for price to retrace before entering
What is our confirmation?
- correction
Entry
- Safe Entry: Once correction is formed, entry on break of correction
- RISK Entry: once price retraces, will draw fib and look for rejection at fib level
Once entered, where will our Stoploss be?
- above price rejection once correction breaks
Where do we take profits?
First TP: 0.722 (300pips)
Second TP: 0.71 (380pips)
Third TP: 0.697 (520pips)
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