E:0.6920
SL:0.6955
PT:0.6870
While we are 100 pips away from this setups entery, this will be my game plan for Aussie.
"PLAN YOUR TRADE, TRADE YOUR PLAN"
Daily setup for, short term bearish momentum . After the Profit Target reached, it is up to individual trade management technique to take profit or ratcheted it. Not a fan of diagonals but respect them to some degree.
Daily setup for, short term bullish momentum . After the Profit Target reached, it is up to individual trade management technique to take profit or ratcheted it.
1ST ENTRY- 5.6020
STOP - 5.5549
Optional PT: 5.6495
PT:5.7395
Ahead of CB meeting in 2 days, market is already priced some easing from the Bank. Consensus is about 300 basis points. This won`t shake the market, more easing will send the pair down, i will buy into the weakness.
1ST ENTRY- 10635 ( PREVIOUS SUPPORT &21 EMA ) 1/2 POSITION
2ND ENTRY- 9505 (34 EMA) 1/2 POSITION
STOP - 8395
PT:11795 (PREVIOUS SUPPORT AREA )
PT: 12895 (PREVIOUS SUPPORT AREA )
M MANAGEMENT:
IF ONLY 1ST ENTRY FILLED ,I WON`T TOUCH UNTIL PT(12895)
IF BOTH ENTRY'S FILLED SCALE DOWN JUST BEFORE 11795 LEVEL
