TradingView
tradingfrog
Jun 15, 2020 10:22 PM

AUDUSD [Pending Short] Short

Australian Dollar/U.S. DollarFXCM

Description

Short Setup
- Sell Limit
- Entry market at resistance give recent extension
- Market is more in big range between last week high and low

Setup
- Entry: 0.69547
- Stop: 0.69681
- TP1: 0.69006
- TP2: 0.68116
- TP1 Reward: 4.04
- TP2 Reward: 10.68

Trade closed: stop reached

Comment

If you applied my sell stop on higher high rejection candle should already hit TP1.
So move your stop to breakeven + 2 pips for cost.
Don't close your 2nd position, 2nd position can be used for a positive hedge for the long trade.
Comments
tasnuvahamida
Go ahead.
FrancisLassche
Good job
Scena
Trade activated as well, thank you, I see your point.
tradingfrog
@Scena, sorry ut aropped
tradingfrog
@Scena, If you applied my sell stop on higher high rejection candle should already hit TP1.
So move your stop to breakeven + 2 pips for cost.
Don't close your 2nd position, 2nd position can be used for a positive hedge for the long trade.
Scena
@tradingfrog, I had closed and did a small profit before, thank you.
Haha_57
Trade activated Sell limit reached?
tradingfrog
@Haha_57, Did you able to fish the highest point? I was away so I can't do such thing anymore....
More