EURAUD Short Setup With Great Potential

FX:EURAUD   Euro / 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.

Likes and comments are welcomed..
Hey - when you say move your stop loss to 'BE' what do you exactly mean? Sorry, relatively new to this, thanks :)
Break Even is what it means friend. Secures your trade from loss in other words.
info4pratt ConstansCapital
Great, thanks. :)
Fxprotrader info4pratt
You are welcome :)
Fxprotrader ConstansCapital
That's right, thank you:)
Fxprotrader info4pratt
Place your stoploss just above or below your initial entry point for a tiny profit.
Is this trade still valid, is it good time to sell?
Yes, as you see price is at the initial entry point so you may trade it.
you are full of ideas today! thanks for sharing them..
+1 Reply
thansk for the feedback :)
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