AUDUSD DOWNWARD CHANNEL SALE
Updated
This is my first idea im publishing publicly :)
Im basing this idea from pattern formation and not news. Previous support and resistance has held so has the channel walls stability
ENTRY PRICE 0.75194
STOP LOSS-20 PIPS AT RESISTANCE LEVEL- 0.75400
PROFIT MARGIN IN PIPS : TARGET 1-(29 PIPS) TARGET 2-(48 PIPS)
JUST UNDER DAILY TRADE GOAL OF 50 PIPS :)
PROPER RISK MANAGEMENT PLEASE 1%-3% OF ACCOUNT
JUST AN IDEA, NOT FINANCIAL ADVICE. HAPPY TRADING
Im basing this idea from pattern formation and not news. Previous support and resistance has held so has the channel walls stability
ENTRY PRICE 0.75194
STOP LOSS-20 PIPS AT RESISTANCE LEVEL- 0.75400
PROFIT MARGIN IN PIPS : TARGET 1-(29 PIPS) TARGET 2-(48 PIPS)
JUST UNDER DAILY TRADE GOAL OF 50 PIPS :)
PROPER RISK MANAGEMENT PLEASE 1%-3% OF ACCOUNT
JUST AN IDEA, NOT FINANCIAL ADVICE. HAPPY TRADING
Note
Note
Updated my stop loss to 0.75450. Two retest from market. Hopefully it doesnt break on go onto a downward trend
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