Aussie Dollar 4hr chart- Massive Risk:Reward

OANDA:AUDUSD   澳幣 / 美元
Counter trend pullback seems to have come to an end with the double top confirmation bringing price back into the downward channel . Price has bounced off support and looking to rise to retest the top of the channel. This could be a nice short setup with favorable risk:reward.
評論: TL didnt hold, accumulation occured right at the TL after a strong bull move. Price has since broke out of the downward TL and is now retesting that same resistance as a newly formed support. Could start to see more upside if 0.74800 is broken.
評論: Stop Loss was a bit too tight here, 0.74800 would've been more appropriate. Nonetheless there was still room to take another entry after the large bearish engulfing candle. Satisfied with the analysis nonetheless.
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