AUD/USD Sell - 15 mins

5 thg 12

Idea Title: AUD/USD Short Position: Rising Wedge Breakdown and Liquidity Targeting

Market Context:
The AUD/USD is showing signs of bearish momentum following a breakdown from a rising wedge pattern, which typically signals a reversal or continuation of bearish trends. The pair is reacting to a significant resistance zone above 0.64500 and appears poised to target lower liquidity levels near the daily support.

Trade Setup Details:

Entry: 0.64533
Stop Loss (SL): 0.64270
Take Profit (TP): 0.64063
Technical Analysis:

Rising Wedge Breakdown: The price action formed a rising wedge pattern, indicating exhaustion of the bullish move. A clean breakout to the downside confirms bearish intent.
Key Levels:
Resistance: Price faced rejection from the 1/3ADR+ zone, confirming strong selling pressure around 0.64550.
Support Target: The first target aligns with the AMR- level at 0.64063, which serves as a liquidity pool and demand zone.
Bearish Divergence: Momentum indicators suggest divergence during the final wedge highs, adding confidence to the bearish setup.
Risk-to-Reward (R:R): The trade offers an attractive R:R ratio, capitalizing on a retracement towards the lower support zone.

Trade Justification:

The rejection from the resistance zone coincided with the broader downtrend, making the short trade a high-probability setup.
Liquidity below
0.64100, along with the AMR- level at 0.64063, provides a clear target for bears to aim for.

Trading Plan:

Entry Confirmation: Ensure the price continues to respect the resistance zone around 0.64500, without invalidating the setup.
Risk Management: Keep the stop loss tight at 0.64270, just above the recent structure high, to minimize risk in case of reversal.
Exit Strategy: Take profit at 0.64063, near the key liquidity pool and demand zone, ensuring a disciplined exit.

Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and consider your risk tolerance before trading.