Back to all Ideas

Multi-timeframe Short

by Jordon M, January 25, 2022

AUD/USD M5 Supply and Demand

by Jordon Mellor January 25, 2022

4
Share

AUD/USD

|

Short

|

M5

Timeframe:

M5

Analysis Method:

Supply and Demand

Analysis:

Looking at the one hour chart we had a strong push to the downside creating a Lower Low, we have now retracement back into a strong supply area, followed by a confirmation on the 5M timeframe of sellers taking over (trendline break, lower low and Stochastic divergence).

Trade Plan:

Look to take the trade at least to 0.71 before taking half off. If at any point the price prints a higher high, look to exit the position.

Risk Management:

Risking 0.25% of the account balance on this trade.

Things To Watch For:

It may want to form a double top before proceeding lower.

LEAVE YOUR COMMENT HERE:

View previous comments

DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Your message is underway!

You will be hearing from us shortly