15min TF entry
🟥 Sellside Trade Log
📉 Pair: AUD/USD
🏷️ Type: Intraday | Tokyo Session AM (7:00 PM NY time)
🧠 Setup: Breakout (Downside)
📅 Date: Tuesday, 13th May 2025
🕖 Time: 7:00 PM (New York Time)
🔹 Entry Price: 0.64382
🔹 Profit Target: 0.64208 (-0.81%)
🔹 Stop Loss: 0.64762 (+0.05%)
🔹 Risk-Reward Ratio: 16.87
🔍 Reasoning:
This sellside breakout trade was initiated following a rejection at a pivotal resistance level within an ascending channel. We assume sellside pressure will continue to break to the downside as momentum failed to hold above the upper boundary, triggering a move through structural support. The setup was reinforced by confluence from channel dynamics and directional intent.
Trade active
Move the stop loss (0.45%) and then to plus (0.60%) on this occasion.
RR 1.76
Trade closed: target reached
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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.