AUDUSD - 1H - LONG - Trend Entry Setup - 2 Jul 2020

FX:AUDUSD   Australian Dollar / U.S. Dollar
FX:AUDUSD at a key support zone on the 1H chart.
Trend: Bullish
  • Enter LONG @ 0.6927
  • Stop Loss @ 0.69
  • Take Profit 1 @ 0.695
  • Take Profit 2 @ 0.6978
  • Take Profit 3 @ 0.70025
Trade active: Reached Take Profit 1
Comment: Reached Take Profit 2
Trade closed manually: trailing stop


Why the 3 tp? Is it because when it reaches one of the highs it will drop?
TrendSetups rnavarro12
@rnavarro12, Not necessarily! People trade differently: some look at risk vs reward ratio, some take partial profits along the way. I prefer trailing (not shown in ideas) and riding the trend for as long as it goes. 3 tp are areas one can consider closing the trade partially or fully.
rnavarro12 rnavarro12
Thank you makes sense now
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out