Short Trade

Pair: AUD/USD
Condition
Structure: Day
Entry: 1Hr Time Frame

Bias: Short

Observation
On January 15th at 15:00 Hrs, I observed that we were at the end of an uptrend and in transition to the downside. Market contextual framework thought analysis - According to the Wyckoff method, I assume this event would be Phase E (Trending to the outside) playing out. The observation indicates a point of control of Sellers to the downside, proceeding Phase D (effort and result).

Entry Price: 0.66520
Mon 15 Jan 24
15.00pm

Target level: 0.62801
(361.3PIPS) = 5.43%
BOS (Break of Structure) Noticed end of uptrend and transition to the downside

Stop Loss: 0.66949
(42.7PIPS) = 0.64%
Set below above the trending range and optimized trading zone (OTZ) for confluence.

RR 8.46


https://www.tradingview.com/chart/oMF0sdyu/?symbol=BITGET%3AXTZUSDT.P&interval=1

Comment:

Stop Loss: 0.66949
(42.7PIPS) = 0.64%
Set above the trending range and optimized trading zone (OTZ) for confluence..

Comment:

14Th Feb 24
Demand Zone
0.64552 to 0.64412

Trade active:

Target adjusted Demand Zone
0.64552 to 0.64412

Trade active:

Trade closed manually:

Closed trade
8th Mar 24
00.00am

Trade closed manually: