SHORT TRADE ON AUD/USD PAIR

We can see a messy price action. But this does not mean we cant trade. you Just need to know what you are looking for in any trade setup.
Well, once the price gets through the pervious high, formed yesterday, be sure to take a long position after a retest of the area with stop 3 points below the previous low. Our risk to reward ratio is 1:1

Let your target be the previous high that caused the move lower which is marked as 3. once we get a 5, we will be sure to sell to the bottom of the trend channel.

Trade Smart. Remember risk Management is King in Trading

Comment:

This order has been taken. Those of you who are on this trade, trade smart and manage risk. Place your stop just below 3 points before area 4.

All the best.

Comment:

Order executed and our profit Target hit. lets move on to the next trade set up. Look at my previous posts regarding the same pair.

Cheers everyone