AUDUSD - 15m - Approaching Killswitch?
If you do the higher timeframe analysis you will see on the 2H-4H we just broken an upward channel that was approaching the upper band of a daily timeframe downward channel.
We have room and expect one more big move to the downside. So we might see a breakdown from here one way or the other. Its a good place for a small short with runaway targets of hunderts of points assuming that the market never comes back to this zone for a longer period of time
runawaytargets COULD be as low as 0.63 if we want to see if full downside wave. so potentially 50-100:1 on TG2 depending on your entry.
We have room and expect one more big move to the downside. So we might see a breakdown from here one way or the other. Its a good place for a small short with runaway targets of hunderts of points assuming that the market never comes back to this zone for a longer period of time
runawaytargets COULD be as low as 0.63 if we want to see if full downside wave. so potentially 50-100:1 on TG2 depending on your entry.
Comment:
nothing to win on the first attempt since the market pressed higher. lets see if we can find and entry further up below the trendline.
Comment:
short below the triangle that formed after the breakout of the trendline.
Comment:
currently looking to add to the position if we break the consolidation on the 1 minute below the original trendline to the downside. all first targets at 7050 area
i look to add to the position if we break the trendline or if we find other suitable short signals.