This is my trade idea for AUDUSD. Trend is bearish so I have a sell trade setup. I can also see buys playing out so I have buys set up. Thats more intuition and its against the trend so for now sells are primary for me.
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This sell is playing out nicely. The entry would've been on a lower timeframe. I used the M30. We have a break of low with the strong bearish candle that breakout of H4 key level. I used an impulse entry method being on higher chart.
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Sells played out. I’m a scalper so my SL and TP are relative areas and not a specific price. Price did eventually get to the targeted key level but it did trade above our resistance level first which would’ve been important to monitor while taking this setup
Support and ResistanceTrend Analysis

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