AUDUSD - Short Swing Opportunity on the 4H

Bearish rising wedge formation in which a breakout appears to be forming. I've already entered and i'm targeting the 23.60 fib retracement.

Entry: 0.615 - I entered on the 30/30/2020
SL: 0.64
TP: 0.58

1.41 R:R

Note

Note

38.20 fib nearby:

Trade closed manually

Trade closed at 0.60063 - Reason, falling wedge formation occurring on the 1H and 4H. I foresee a bounce at the 38.20 fib retracement and therefore decided to secure profits around this area. Potentially should have been more patient but with 144 pips secured - this was a good trade. I will consult this chart again in a week to see where improvements could be made if I exited the trade too soon.

Note

Exit @ 0.60063 was well timed...

JeskoTrading

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JeskoTrading

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