Csys
Short

Aussie short in daily

FX:AUDUSD   Australian Dollar/U.S. Dollar
66 1 2
The TL of the last leg has been broken by a 5-wave             impulse, to which a corrective structure is now developing as a response. Stoch crossover happened with a bearish divergence. The monthly and the weekly charts show downside action             . It seems then this is the optimal time to go short.
Comment: I have been stopped out at the breakeven point. I am looking for a re-entry opportunity. Here's how I see it now:
snapshot
Trade active: I need my margin in other trades so I couldn't risk more than 1% for this trade. Normally, I try to keep 50% of my margin free all the time. So let's stick to the rules!
nice work.
+1 Reply
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