AUDUSD 175 PIP SHORT

Hello Traders, 🙋‍♂️🙋‍♂️🙋‍♂️

Here we have a AUDUSD" SHORT trade idea. If you like this idea please show your support!

We have been anticipating USD strength for some time now. USD strength will push XXXUSD pairs downwards. We can see this is our other pairs such as GBPUSD which we are also shorting.

We have identified this zone of interest as this is a key structure level which has been respected multiple time. This zone is also by our trendline which is our main reason for shorting.

What are we waiting for?
- We are waiting for rejection from the trendline & structure level

Safe Entry - Rejection from trendline (Bearish engulfing candle, reversal pattern)
Risk Entry- Rejection from structure level

Stop loss - 30 pips
Take profit 1 - 85 pips
Take profit 2 - 175 pips

Risk:Reward ratio - 1:5.83 - We earn £5.83 for every £1 risked

If you want to improve your trading, check out my other ideas! You can find common reversal patterns to look out for which will really improve your trading! 📲

Please trade with caution and make sure you set your stop losses! Happy Trading 😁

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