AUDUSD 2618 Strategy

2618 Strategy Trading Setup

Criteria:
1) Double Top
2) Break of structure (neckline) to the downside
3) 61.8% retracement of AB leg
4) SELL order at C point

SL:
5-10 pips above DT
TP:
1) next structure level, probably where B is pointed
2) 1.272% extension of AB leg

With regards,
Michail Sideris

Trade closed: target reached:

Both targets were hit.
+55 pips
+88 pips
Perfect entry - Perfect target

With Regards,
Michail Sideris