AUDUSD: Weekly short oppertunity.
Sorry if the chart looks poor, please zoom in.
One of the more riskier trades as we are shorting since it just broke up from the downtrend
1. stoploss 20-30 pips above supply zone
2. take profit at the 2:1 risk reward ratio.
3. if it bounces down when it hits supply and it stops half way to target, and you see basing candles, make sure to move stoploss down to just above the basing candles.
One of the more riskier trades as we are shorting since it just broke up from the downtrend
1. stoploss 20-30 pips above supply zone
2. take profit at the 2:1 risk reward ratio.
3. if it bounces down when it hits supply and it stops half way to target, and you see basing candles, make sure to move stoploss down to just above the basing candles.