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Snehath
May 15, 2016 8:02 AM

Shorting EURAUD for a big move Short

Euro Fx/Australian DollarFXCM

Description

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.
Comments
ChenJunJie
the SL for this pair? 30
Snehath
Just above 1.56. Moving quite nicely now.
mabaert
could go even lower?
Snehath
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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