🟥 Sellside Trade Log
📉 Pair: AUD/USD
🏷️ Type: Intraday | Tokyo Session AM
🧠 Setup: Breakdown from Ascending Channel
🆔 Trade ID: #AUDUSD
📅 Date: Monday, 12th May 2025
🕐 Time: 1:00 AM
🔹 Entry Price: 0.64382
🔹 Profit Target: 0.63714 (-1.04%)
🔹 Stop Loss: 0.64630 (+0.39%)
🔹 Risk-Reward Ratio: 2.69
🔍 Reasoning:
Sellside trade based on a breakdown below an ascending channel. Price failed to sustain support near the upper boundary and broke below the channel, signalling a shift in market structure. This setup confirmed the potential for a move lower, with entry positioned near the breakdown point, targeting the next level of support below the channel.
Trade active
Stop level moved (0.30%)
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.