Abzii

Does this make any sense???

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello everyone

I posted a chart for a sell on this pair few days ago.

So previously we a crossover between 2 moving averages (shown on chart) which was a good entry for a long term buy.
We now have the crossover for a long term sell entry.
This pair is still BEARISH , so I have put in a sell limit at 0.74026 i will set this lot size at 0. 01
My SL is at 0.76000
And tp will be at around 0.70000-0.69000
Does it make sense?

Also have a short term buy so that will cover up any losses if we break above and hit SL, the buy is a secure trade SL is above entry.

What do you think?
If you have any other ideas please share
Thanks for looking.

Related Ideas

Comments