wstipp18

Structure Based Short With Trendlines

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
143 views
5
After the flag breakout , we moved down making a lower low. We have now retraced 61.8% to retest the flag breakout area (small red zone) and also a higher time frame trend line (yellow ray). This gives us a decent short if you missed the first move. SL can either go above the retest zone for a great RR or above the high for a good RR!
Trade active: It's making a strong down move. Let's hope the candle closes as bearish as it is now!
Comment: Very close to targets now. I am going to close the trade before NFP if it hasnt already hit targets just to be safe
Trade closed manually: Alright closed it out before NFP, want to make sure I'm locking in profits