AUD/USD: 4 hour chart
Long or Short : Short
Entry Point: 1.0465
Stop Loss: 1.0540
Profit Target/s: 1.0350
Reward-to-risk Ratio: 115:75 (roughly 1.5 to 1)
Risk percentage: 1%
Indicators: Stochastic (9,3,3)
Trade Rationale: I think with all the concerns about China, we could see risk aversion stay in the markets. I’m looking to short the comdolls as these seem to be the most affected by poor chinese data. AUD/USD also seems to be trending lower as of late
Trade Adjustments: none