FX:AUDUSD   Australian Dollar / U.S. Dollar
A video is coming soon which will help educate you on why we are taking this short on AUDUSD (the trade is found and executed on the 10m CHART)

BEARISH CONTINUATION:

Just shorted AUDUSD with a potential bearish continuation pattern.

Before we jump on the trade idea here is the actual process based on that PDF above of how we started this day:

I prepared my day using the exact process that is shared in the videos and the PDF I shared with you all:

The first thing I did was prepare:

- my position sizing (conservative, moderate & aggressive)
- My profit & excess profit targets for the London session (5% and 10% of balance)
- My 7.5% trading halt limit (if reached, trading stops)

Once that was done I took complete responsibility for my trading & results by agreeing to create my day and not be a reactive little boy to what is happening. And that means now my day can only end in 1 of 4 ways

1. Big profit
2. Small profit
3. Breakeven
4. Small loss

No matter what, if I end in one of these 4 levels my day will be a success

Now that all that is out of the day... lets start the analysis process
4H:
Check momentum using 13 ema and 30 DC
Locate key levels
Check for any of the 3 candles we use

1H:
Scout for patterns

10/5 Mins:
Locate precision trade!

HERE IS A TRADE EXAMPLE: AUDUSD SELL
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4H:
Momentum is bearish as price is below 13 ema and 30 DC

1H:

Decent rejection and indecision candles the last few hours and price is stuck to 5EMA and below 20EMA

10M:

Bearish contraction pattern-finding resistance at 38.2% of recent high and low

MY PROFIT TARGETS CAN BE SEEN ON THE 10MIN CHART

100%
123.6%
161.8%

http://www.PrimedTraders.com

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