Short AUDUSD! New Lower Low Formation and Breakout of Key Level

6. Feb.

We expect further downside on this pair, signalled by the formation of the new lower low which is a sign of bearish market structure. We can also see the breakout and retest of a key level which further supports our directional basis.

6. Feb.

Anmerkung

Price is approaching our TP. We will wait and see how price reacts when the USA traders enter the market.

6. Feb.

Anmerkung

Price has reverted back to our entry to take out trades who moved stop losses to breakeven. The trade still has 3 hours until New York close before we close as per our trading plan rules.

6. Feb.

Anmerkung

Price has just tested the top of the Asian range.

6. Feb.

Trade wurde manuell geschlossen

Trade closed at around 0.5% loss. Onto the next setup.