SWING TRADING JOURNAL
To be honest, i'm not sure about selling this pair, they have been bearish for 12 weeks since december 2020
But it is what it is, as long i don't see bullish sign, i'm bearish
So, this is my plan;
I will wait for a pullback, i want to sell at little bit higher
I will sell somewhere at Green Box
SL above red line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
We have AUD NEWS tomorrow at Asia Session, so I think I will reduce my lot size and use scale out to manage this trade
No Profit Guarantee, Good Luck!
To be honest, i'm not sure about selling this pair, they have been bearish for 12 weeks since december 2020
But it is what it is, as long i don't see bullish sign, i'm bearish
So, this is my plan;
I will wait for a pullback, i want to sell at little bit higher
I will sell somewhere at Green Box
SL above red line
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
We have AUD NEWS tomorrow at Asia Session, so I think I will reduce my lot size and use scale out to manage this trade
No Profit Guarantee, Good Luck!
