AUDUSD high profit short
The bias of the bearish momentum is now back in motion. i entered a short on the right shoulder even after and while the consolidation was in play just below the neckline. I TP when i saw the price action started to retrace.
It did retrace and it has now reversed at 50% and tested it's previous support (now turned into resistance)
Everything is kept simple and self-explanatory on the chart. I have put different Take Profit's which you can choose from.
Remember:
It did retrace and it has now reversed at 50% and tested it's previous support (now turned into resistance)
Everything is kept simple and self-explanatory on the chart. I have put different Take Profit's which you can choose from.
Remember:
- Don't let the greed consume you.
- Trail stop and change it often
- Be patient, this is a long-term trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.