y11ohan

Limit order for a perfect entry

Short
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Price just had a good run-up but is now reaching a major resistance level .
Convergence from a daily major trendline that has been broken in the past and a horizontal level.
I want to see the price go past my order and then whip back down with good aggression.

Here is the daily major trendline :
Trade active: And we are in
Comment: The AUD index also reached a clear trendline...
Trade closed: target reached: Good trade overall

Comments

you have it bad, i mean that sl and tp :) sl is red and tp is blue, you draw it oposite :)
Reply
y11ohan Reitak
@Reitak, ya it's a psychological thing so that I don't get bothered if my stop loss is hit. Blue will always be my risk, red is for short positions and green is for long positions.
Reply
nice setup bro 🦐
Reply
y11ohan plancton0618
Reply
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