AUD/USD, DAY CHART, SHORT (18-NOV-2016)
Zoom out the Day Chart, you will able to see a super long downward trend. So overall it is bearish.
But, recently, the price breaks the upward trend and with 2 days Pull Back.
Now, the price breaks the support level at 0.74204. The price pull back touched the support level and continue moving down.
It is a good time to short it now.
But, recently, the price breaks the upward trend and with 2 days Pull Back.
Now, the price breaks the support level at 0.74204. The price pull back touched the support level and continue moving down.
It is a good time to short it now.
Trade ist aktiv:
EP: 0.73929
SL: 0.75802
TP1: 0.71850
TP2: 0.68431
Looking the price to pull back on 20-EMA (4hours chart) and short again.
Trade with proper risk management.
SL: 0.75802
TP1: 0.71850
TP2: 0.68431
Looking the price to pull back on 20-EMA (4hours chart) and short again.
Trade with proper risk management.
Trade ist aktiv:
In order to minimize the risk of carrying trade over the weekend, we have decided to move the Stop Lost to Break Even Point at 0.73929.
So right now, it is a risk-free trade. :)
So right now, it is a risk-free trade. :)
Trade geschlossen: Stop wurde erreicht:
Break Even Stop Loss was hit.
We will monitor this pair and it might be good to entry short side when a bearish signal appeared.
We will monitor this pair and it might be good to entry short side when a bearish signal appeared.
And, there is more room for bearish to run.
Watch any Pull Back on H4 or H1 Chart and add on another short trade again :)