On March 4 2025 I posted the AUDUSD BUY setup chart below. In the chart below, price clearly broke above the black CHoCH/Change of Character level signalling a momentum shift to the upside. Added confirmation of an upside shift was the divergence pattern (Red) that also formed. The buy setup was to patiently wait for price to return lower to the Breaker Block (Gray), Demand Zone (Pink) or the equilibrium level (Blue) for entry with stops below the strong up/bullish candle that broke above the CHoCH level.
AUDUSD 4 Hour Chart March 4 2025 (Buy Setup)
AUDUSD 4 Hour Chart March 4 2025 (Entry)
AUDUSD 4 Hour Chart March 5 2025 (Targets HIT)
Entered the BUY trade when price moved lower to the equilibrium level. Entered at 0.6238 with a 25 pip stop loss at 0.6213. On March 5 2025 AUDUSD moves higher and the 1:3 Risk to Reward target hits at 0.6313 where I closed the buy trade for +75 pips +3% gain (Risking 1% on every trade).
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. If you followed me on social media you too could have caught the AUDUSD move higher.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
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