Fxprotrader
Short

EURAUD Short Setup With Great Potential

FX:EURAUD   Euro Fx/Australian Dollar
EURAUD             is in a downtrend and we now see price having bounced from a resistance parallel of a valid median line . That's a nice level to short the market with stoploss and profit targets as shown at the chart. Move your stoploss at BE to the second position if price reaches the target at the first one.

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araguaney
4 months ago
hello FXprotrader, can i see your fork, i think the pair broke the trendline down, but its just a newbie opinion
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Fxprotrader PRO araguaney
4 months ago
Yes that's right.. Actually this is a counter trend setup i posted (very rare in my trading) What i expect is a pullback and that's what i aim. Your chart is great though
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araguaney Fxprotrader
4 months ago
i just saw what you are looking for, i was confuse cause you said downtrend, but you are playinf for the retracement, to the KS, in the 4H chart you can see it better, great thanks
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araguaney
4 months ago
thansk for the feedback :)
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Fxprotrader PRO araguaney
4 months ago
You are welcome :)
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fxfxfx
4 months ago
you are full of ideas today! thanks for sharing them..
+1 Reply
CezaryS
4 months ago
Is this trade still valid, is it good time to sell?
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Fxprotrader PRO CezaryS
4 months ago
Yes, as you see price is at the initial entry point so you may trade it.
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info4pratt
4 months ago
Hey - when you say move your stop loss to 'BE' what do you exactly mean? Sorry, relatively new to this, thanks :)
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ConstansCapital info4pratt
4 months ago
Break Even is what it means friend. Secures your trade from loss in other words.
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info4pratt ConstansCapital
4 months ago
Great, thanks. :)
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Fxprotrader PRO info4pratt
4 months ago
You are welcome :)
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Fxprotrader PRO ConstansCapital
4 months ago
That's right, thank you:)
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Fxprotrader PRO info4pratt
4 months ago
Place your stoploss just above or below your initial entry point for a tiny profit.
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