AUDUSD Short NOW at 0.7300 with a bearish deep crab

5 Oca 2017

Happy New Year everyone.

This is my first trade for 2017. I see 0.7300 as a strong resistance and this is further confirmed by a deep crab pattern setting up. The trade is now triggered. My entries are shown below.

I will target the 0.7150 level for the final ticket.

Ticket 1:
Direction: sell
Entry price: 0.73
Stop loss: 0.7335 (35 pips)
Target: 0.7260 (35 pips)

Ticket 2:
Direction: sell
Entry price: 0.73
Stop loss: 0.7345 (45 pips)
Target: open

6 Oca 2017

İşlem elle kapatılmış

I closed this trade with 4 pip profit. It almost hit the stop loss after the initial positive reaction so decided not to hold on to this further.