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Fxprotrader
Jul 20, 2016 2:39 PM

EURAUD Short Setup With Great Potential Short

Euro Fx/Australian DollarFXCM

Description

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