Renforex

(1D) AUDUSD Big Short

Short
Renforex Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
As you can see from the related idea, a lot of money was made within the previous structure and upon the exit of structure. Textbook moves, very easy to read. (I may have typo'd in the title of related idea lol)

Here we have another very simple move. I don't need to explain much so the simple rules of this trade are as follows if you have not already entered:

- Break of blue line invalidates the idea
- Break of the white line is your conservative entry
- Red arrow shows general direction, not exact time and price
- Hold on to profit, not hope


Sorry for being gone for a while. I was on a cruise.
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2H candle closing under green zone (turns red zone) will be a good signal for bears.
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For above chart, set stops above 0.7435 (above 50% mark)
If reaches this point, it's just another opportunity to add shorts
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More entries. See related ideas.
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