AUDUSD Pullback to structure. Short now
es ago
Price pullback to structure
Breakdown the minor trend line
Downtrend may continue
Sell now
SL: 0.7240
ou can put your stop loss at 0.7225 if you want to take risk with higher RR ratio 6:1
TP: 0.7130
R Ratio 2.5:1
HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
2 minutes ago
Price pullback to structure
Breakdown the minor trend line
Downtrend may continue
Sell now
SL: 0.7240
ou can put your stop loss at 0.7225 if you want to take risk with higher RR ratio 6:1
TP: 0.7130
R Ratio 2.5:1
HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
2 minutes ago
Yorum:
Nice fall. Adjust SL to breakeven. Risk free trade now.
Yorum:
İşlem elle kapatılmış:
Win 1.5 then hit breakeven. Don't enter more position at this point, price could go higher