AUDUSD SHORT 360 PIPS!

Here I have a lovely AUDUSD SHORT which has reacted from our structure level and trendline. we are waiting for a break of the trendline structure for the safest entry point however I have entered off the trendline reaction. This trade will secure us a nice 360 pips reward for a small 30pip risk.

Trade active:

Price is at a key level, i will monitor this apir and other AUD pairs to keep an eye out for a reversal indication and wheter to close position now at 150pips and leave a minor amount to run.

Trade closed: target reached:

Closing trade at 230 pips profit due to expecting a reversal as we can see a double bottom pattern. Check new ideas for a long position!