In similar fashion with EURJPY - we are catching this move.
Orders set at 135.016 with ~9 pip stop at 135.092.
Yes, we are also still Long AUDUSD, which means we are shorting USD x2. That goes against our basic rule of not overexposing.
However, what we can do instead is manage risk extremely carefully. If trades start turning around we will close them BOTH when total risk comes to -1.
Because overall price is running at +0.25~ now, we have a chance to let both of them breathe to squeeze extra profits, while keeping risk the same.
Orders set at 135.016 with ~9 pip stop at 135.092.
Yes, we are also still Long AUDUSD, which means we are shorting USD x2. That goes against our basic rule of not overexposing.
However, what we can do instead is manage risk extremely carefully. If trades start turning around we will close them BOTH when total risk comes to -1.
Because overall price is running at +0.25~ now, we have a chance to let both of them breathe to squeeze extra profits, while keeping risk the same.
Trade active:
Got tapped.
Comment:
Looking good. Almost reached 1:1.
Comment:
We got a very nice 15M candle close.
Keep holding, although being wary of potential turnarounds against us.
Trade closed: target reached:
Got out at the bottom of the 3 touch pattern line + EMAs. Not worth it to trade through it. +1.05~
Lightwork Trading
Holding