• Vasily Trader

AUDUSD: Morning Scalping (Trading Plan)

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.