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Price has broken decisively below the EMA cluster after consolidating in a tight range. The strong bearish candle suggests momentum toward lower support levels.
Trade Plan:
✅ Entry:
Current price ~0.65545
✅ Stop Loss:
Above 0.657722 (last minor swing high)
✅ Target:
0.65340 – 0.6500 area (previous demand and round number support)
Context:
• EMA confluence failure
• Clear bearish momentum candle
• Clean risk-to-reward setup
Risk Management:
Risk per trade: 1%
Hashtags:
#AUDUSD #ForexSignals #PriceAction #Breakdown #MJTrading #TradingIdea #Forex
Price has broken decisively below the EMA cluster after consolidating in a tight range. The strong bearish candle suggests momentum toward lower support levels.
Trade Plan:
✅ Entry:
Current price ~0.65545
✅ Stop Loss:
Above 0.657722 (last minor swing high)
✅ Target:
0.65340 – 0.6500 area (previous demand and round number support)
Context:
• EMA confluence failure
• Clear bearish momentum candle
• Clean risk-to-reward setup
Risk Management:
Risk per trade: 1%
Hashtags:
#AUDUSD #ForexSignals #PriceAction #Breakdown #MJTrading #TradingIdea #Forex
Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.