Technician

Swing Playing the EURAUD

Short
FX:EURAUD   Euro / Australian Dollar
7
Closed short at 1.3540.
Profit(pips)= 45x2=-90

Major shooting star at horizontal resistance and 50-days SMA. This trade may take multiple days to unfold.

10 Trades to 100 Trades
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losses is a main part of the game ;)
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