This is my 1:3 RRR opened trade on AUDNZD currently at profit but I will exit this trade as soon as I see rejection in my entry bias in higher time frame.
trade based on higher time frame direction bias with 1 hr entry confluences.
highr time frame bullish bias 1 hr buy setup after entry confirmation.
higher time frame sell bias lower timeframe shift to sell
got the entry signal as expected and just hit the 1:3 RRR
continuation break of the major support in 1 hr triggered the sell entry
Took loss in this pair did not played out as expected.
took this sale trade with 8 hr and 4 hr time frame directional bias analysis. simple and easy.
AUDCAD short possibilities
continuation trend
trend breakout
time to look for sell possibilities.
clear divergence at the bottom support.
tested 50 MA
Breakfast
bounced of the resistance
falling wedge pattern
