POSITION TRADING: SHORT AUDUSD. TARGET 0.64000
TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.67000
STOP LOSS: 0.69000
TAKE PROFIT: 0.64000
RISK TO REWARD: >1:1
ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.67000
STOP LOSS: 0.69000
TAKE PROFIT: 0.64000
RISK TO REWARD: >1:1
ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Trade active
Comment:
Price is at a crucial important supply zone. We should Likely see the price drop from here should this supply zone/resistance is held intact.
Comment:
KINDLY UPDATE THE FOLLOWING:
SL: ADJUST TO 0.70000
RR IS STILL 1:1 IN THIS CASE. PRICE IS AT CRUCIAL SUPPLY ZONE, WE MIGHT SEE SOME REACTION HERE
SL: ADJUST TO 0.70000
RR IS STILL 1:1 IN THIS CASE. PRICE IS AT CRUCIAL SUPPLY ZONE, WE MIGHT SEE SOME REACTION HERE
Comment:
A possible False breakout in play. On long term Monthly charts the level is still intact. if this is so, we can expect the price to keep falling and head to our desired target.
A possible False breakout in play. On long term Monthly charts the level is still intact. if this is so, we can expect the price to keep falling and head to our desired target.
Comment:
KINDLY ADJUST STOP LOSS DOWN TO 0.69500 LEVEL
SL: 0.69400
TP: 0.64300