SHORT TRADE ON AUD/USD PAIR
We can see a messy price action. But this does not mean we cant trade. you Just need to know what you are looking for in any trade setup.
Well, once the price gets through the pervious high, formed yesterday, be sure to take a long position after a retest of the area with stop 3 points below the previous low. Our risk to reward ratio is 1:1
Let your target be the previous high that caused the move lower which is marked as 3. once we get a 5, we will be sure to sell to the bottom of the trend channel.
Trade Smart. Remember risk Management is King in Trading
Well, once the price gets through the pervious high, formed yesterday, be sure to take a long position after a retest of the area with stop 3 points below the previous low. Our risk to reward ratio is 1:1
Let your target be the previous high that caused the move lower which is marked as 3. once we get a 5, we will be sure to sell to the bottom of the trend channel.
Trade Smart. Remember risk Management is King in Trading
Nota
This order has been taken. Those of you who are on this trade, trade smart and manage risk. Place your stop just below 3 points before area 4. All the best.
Nota
Order executed and our profit Target hit. lets move on to the next trade set up. Look at my previous posts regarding the same pair. Cheers everyone
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.