Shorting on support break within the context of the overall
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1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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This trade could of course be an ascending triangle trade, depending on the strength of AUD. considering how the market have done for the past 2 days it is quite unpredictable i must say. But this is a straightforward trade worth keeping a lookout.
I have posted an idea on my page.