violation of structure - opportunity to sell

on audusd pair we see a clear violation of 0.72 level.
I will be looking for a retest of this level of structure in order to
short the market with an initial target in 0.714-0.715 zone.
I set my stop on 0.725.

Also, I want to mention that it is not necessary to wait for a retest, and I am not
trying to predict that this level will be retested.
The idea here is that selling from this level of structure gives better risk to reward ratio.
Many traders just sell the breakout and don't wait!
It is your duty to decide!

good luck!

Yorum:

going down after retest

Yorum:

Retest

Yorum:

bounce down

Yorum:

going down

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