AUDUSD 30 m Channel Break Short "Break-Hook-Go"

This is great example of a Break Hook Go entry on price breaking a trend line. SL above the ma's. TP is a resistance level. This is also an entry on our Bill Williams Awesome Oscillator (AO) strategy. There is divergence in price with a higher high but the AO is diverging downward creating two twin peaks. You enter this trade when the first red bar of the AO is below the 0 line.
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Kommentar:

Pair did begin a short movement but during Asian Session a news event strengthened the AUD pairs and it when long hitting our SL for a 31 pip loss.