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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.

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