Hello Traders,
Today we will share with you guys the
EURAUD
as it seems to show downwards pressure towards 1.38, before breaking the 1.389 resistance zone. It currently flirts with major resistance level.
We will be entering a short call at 1.388 to head at least to 1.3825.
Risk/Reward: ~2.1
Notice if the market closes hourly above 1.3905 this setup will be diminished.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers,
Secrets2Trade
Today we will share with you guys the
EURAUD
as it seems to show downwards pressure towards 1.38, before breaking the 1.389 resistance zone. It currently flirts with major resistance level. We will be entering a short call at 1.388 to head at least to 1.3825.
Risk/Reward: ~2.1
Notice if the market closes hourly above 1.3905 this setup will be diminished.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers,
Secrets2Trade
Comment:
Stop-loss is now at breakeven. Protecting capital for any surprise move to the upside. Trading is all about money and risk management.
Comment:
We got stopped out over night. Proft: 0 due to stop-loss BE. Let's see what other trading opportunities we get today.