Not much to say here, AUDUSD has been in a downtrend for some time. I sold at counter trend break with minimum risk 0.1 Lots. Stop slightly above previous high with take profit 3x the risk.
Lets see what happens.
交易進行
Pair has been in an overall downtrend and just recently broke a strong area of support/ resistance . According to Fibonacci our target is around 1.67708 Analysis: 1) Monthly timeframe direction = downtrend 2) Daily timeframe = big rejection of resistance zone indicating a high price. One can also confirm this with the most recent lower highs since 05 April 2022. 3) 1 hour = This is our entry timeframe. Market on the chart we had a few wick rejections in this zone, we had RSI divergence with most recent higher highs. I entered (sold) on 18 May 2022 18:00PM with the break of the counter trendline bearish .