POSITION TRADING: SHORT AUDUSD. TARGET 0.64000

TRADE TYPE: INSTANT ENTRY
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.67000
STOP LOSS: 0.69000
TAKE PROFIT: 0.64000
RISK TO REWARD: >1:1

ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers

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ความคิดเห็น:

KINDLY UPDATE THE FOLLOWING:
SL: 0.69400
TP: 0.64300

ความคิดเห็น:

Price is at a crucial important supply zone. We should Likely see the price drop from here should this supply zone/resistance is held intact.

ความคิดเห็น:

KINDLY UPDATE THE FOLLOWING:
SL: ADJUST TO 0.70000
RR IS STILL 1:1 IN THIS CASE. PRICE IS AT CRUCIAL SUPPLY ZONE, WE MIGHT SEE SOME REACTION HERE

ความคิดเห็น:

A possible False breakout in play. On long term Monthly charts the level is still intact. if this is so, we can expect the price to keep falling and head to our desired target.

ความคิดเห็น:

KINDLY ADJUST STOP LOSS DOWN TO 0.69500 LEVEL