I STILL BEARISH FOR THIS PAIR
SWING TRADING JOURNAL
My previous setup end up with loss and I got loss -1R from AUDUSD
But, from my technical view, this pair still bearish
I want to try one more time to sell this pair
Of course I can be wrong, but it is what it is
So, this is my plan
I will;
SELL AUDUSD somewhere at Green Box (try to sell higher as possible)
SL above RED LINE
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
My previous setup end up with loss and I got loss -1R from AUDUSD
But, from my technical view, this pair still bearish
I want to try one more time to sell this pair
Of course I can be wrong, but it is what it is
So, this is my plan
I will;
SELL AUDUSD somewhere at Green Box (try to sell higher as possible)
SL above RED LINE
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
Penafian
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