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Foralex
Nov 15, 2017 7:11 PM

AUD/USD : Short Entry to 0.75  Short

Australian Dollar/U.S. DollarFXCM

Description

Whats up guys ,

Update** For those of you who are in my buy setup , I didn't expect the strong support at 0.764 to be broke .

0.764 is a potential good price to exit my buy position and also take a short to 0.75.

So we have ,

- Breakout of blue trendline ( watch for retest )
- Cross of few other trendline
- Fibonacci confluence


Good luck !

Trade active

Comment

TP1 & TP2 Hit .
Stop loss hit in at breakeven
Comments
Walentine
uakpan
Just by looking at this it seems that you are risking a lot more. The ration between TP 1 and the SL is not equal and therefor you are risking more.
Foralex
@uakpan, I usually take 1/4 of profit at TP1 and put my stop loss in profit .
Including all targets , it give me a Risk reward around 2


uakpan
@Foralex, where is TP1?
Foralex
@uakpan, 0.76
uakpan
@Foralex, Alright TP 1 33 pips and SL 50 pips
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