Snehath
Short

Shorting EURAUD for a big move

FX:EURAUD   Euro / Australian Dollar
Last week I shorted EURAUD             at 1.56 and I am keen to do the same this week. This pair has been resisted over the last 2 weeks. I am hoping for one last challenge to complete the deep crab at 1.56. I will leave targets open because these kind of trades will usually result in a 200-300 pip move.
Trade active: I will protect at least 70 pips and switch Stop Loss to 1.5530. You should be sitting on 180 pips of profits now.
the SL for this pair? 30
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Snehath ChenJunJie
Just above 1.56. Moving quite nicely now.
Reply
mabaert Snehath
could go even lower?
Reply
Snehath mabaert
Yes, it should, but I would lock some profits in now at 200 pips. It is at the low of last week.
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