AUDUSD short trade

The trade i gave in the channel, continuing here.

Comment:

Can try a small short here, get in 30% here with that stop level and make it 100% if that green support breaks. Don't get in too heavy here because that is asking for troubles. So a tiny loss for a potential big win

Comment:

Close half at the first yellow circle, and trail stop the rest for the second target

Comment:

Closing in on the target but from the looks of it, it might make another swing up again. So i suggest to take some profit here or use that red resistance as a stop level.
If you do take (some) profit here and we drop again and break the green support, we could open that position again.

Comment:

So first target got hit and i hope you took some profit here. Now we can do 2 things with the remaining position.

Move the stop to just above the green level or move the stop to the red level. Use this distance for a trailing stop loss if we start to drop next week.

Comment:

Second chance to take profit, i would take at least half or use that first red zone. Or take profit 50% now and use one of those 2 red stops for the rest. The bigger picture is most probably bullish, so i am not expecting too much.

Comment:

I would close out 50% of the remaining position here, and use a very tight trailing stop from and just let it ride. On the right we can see it's very close at the support line again, but a trail stop might be worth it, in case that trend line breaks and we drop even more

Comment:

I would just take the profits now, could be moving up now. target has been reached as well. It has been been an easy and fun ride :)