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AUDUSD Short Fakeout Trade
AUDUSD Short Fakeout Trade
We closed above Previous Day High + Weekly High with and return below the zone, structure
Stop Loss 10 pips above the new wick: 0.69536
Take Profit: 0.69130
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
We closed above Previous Day High + Weekly High with and return below the zone, structure
Stop Loss 10 pips above the new wick: 0.69536
Take Profit: 0.69130
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
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