AUDUSD: Morning Scalping

Sep 18, 2020

AUDUSD is retesting a broken support line of a rising wedge pattern.
the price got rejected from that on 4h and formed a dodji candle.

on 1H chart we have a completed harmonic abcd pattern with a completion point lying perfectly on the above mentioned support.

on 30 minutes the price is consolidating within a narrow horizontal trading range.

I want to short bearish breakout of this range.(30 min candle close below)

first goal - 0.7287


scalp trades are very risky.
don't risk more than 0.5% of your deposit on such trades.

if the market sets a new higher high above the horizontal range on 30m, setup will be invalid.

Sep 18, 2020

Trade closed: target reached