Hello my friends,
This week is not a good week for me so i don't trade many positions.
I also got some position taken out by SL or closed at entry.
For today i only gonna trade lightly as the market going sideways and quite hard to follow.
EURAUD on 1hr timeframe just fulfilled my sell setup requirement and i am gonna set a sell limit for this pair.
I will wait for a bit retracement to 1.6395 before taking a sell position so we could get a nice RR Ratio.
As usual, i am using ichimoku setup combined with parabolic SAR based on this chart.
Price below the kumo cloud and it is red colored so we will only look for sell position. Parabolic SAR also switched to above the price indicating sell pressure after the last 1hr candle.
Sell limit EURAUD @1.6395
Stop loss @1.6430
Take profit 1 @1.6360
Take profit 2 @1.6325
RR Ratio 1 : 2
Use only 1-2% risk
Good Luck
This week is not a good week for me so i don't trade many positions.
I also got some position taken out by SL or closed at entry.
For today i only gonna trade lightly as the market going sideways and quite hard to follow.
EURAUD on 1hr timeframe just fulfilled my sell setup requirement and i am gonna set a sell limit for this pair.
I will wait for a bit retracement to 1.6395 before taking a sell position so we could get a nice RR Ratio.
As usual, i am using ichimoku setup combined with parabolic SAR based on this chart.
Price below the kumo cloud and it is red colored so we will only look for sell position. Parabolic SAR also switched to above the price indicating sell pressure after the last 1hr candle.
Sell limit EURAUD @1.6395
Stop loss @1.6430
Take profit 1 @1.6360
Take profit 2 @1.6325
RR Ratio 1 : 2
Use only 1-2% risk
Good Luck
