AmplaFX

AUDUSD, Short Opportunity. 1:5+ available.

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Good morning everyone,

A nice opportunity setting up on AUDUSD .

Price is showing a clear AMD model going into the Daily/Weekly Bearish Orderblock after breaking to the top side of the H4 range.

On the H1 chart, we see a clear break in the bullish market structure indicating a potential reversal short soon.

I've got quite a large SL on this trade idea; however, personally I've got a stop above the highs of Asia (10 pips approx as opposed to 20)

Feel free to do the same; however, there is a chance price can stop hunt above these highs before the reversal.

The targets to the downside are clear and defined.

Let's see what happens.
Comment: Re-entry available with a stop above the day's high (0.77670)

Take profit targets remains intact.

Comments

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