AUDUSD | Short H4 | Market Exe | Consolidation Trade

Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 time-frame
- Price action is at a Consolidation Zone
- Aiming for the 50% Fibo retracement to TP

Fundamental Confluences for Trade:
- US yield differential against AUD will support USD
- China's economy is still struggling to improve and dampening AUD's growth potential


Suggested Trade:
Entry @ Area of Interest 0.6550 - 0.6560
SL @ 0.6596
TP 1 @ 0.6505 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6479
Risk-to-Reward @ Approx. 2.10 (Depending on Entry Level)

________________________________

Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!

If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.

If you want something analyzed, do drop me a DM. :D

________________________________

Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.

Any websites / brokers / applications suggested here are also provided as informational purpose only.

________________________________

코멘트:

TP 1 achieved. Take profit on half the position and move the SL to Breakeven levels.

Enjoy the risk-free trade. :D

거래청산: 타겟 닿음:

TP 2 achieved. Enjoy the gains!

Look forward to the next trade.

:D