FX:AUDUSD   Australian Dollar/U.S. Dollar
52 2 0
Pair is losing moment which is also reflected in the MACD . Expected to go down soon. Sell trade after the trendline after the price is crossed.

Sell @ 0.9358
TP @ 0.9282 (half way to the missed pivot)
SL above the highs
ForceFollower
2 years ago
Maybe your trade will be a win. But is your strategy really profitable? :-) I'm asking that because:
1) you're trading against the trend,
2) looking to make 64% of what you risk (which implies your success rate (or winning percentage) is at least 61% in order only to break even)...
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dnx ForceFollower
2 years ago
thanks for your comments. I appreciate your thoughts.

You are right in regards to the reward to loss ratio. The TP mentioned is 1st one. I am quite certain the pair will do further down.

Trading against the trend is always a bit riskier, but if you have all the right indicators, usually it is quite safe.
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