hongkonginvestor

Bearish Trade EURAUD 4H

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SAXO:EURAUD   Euro / Dólar Australiano
Price has been in a downtrend and is now in a descending wedge pattern.

Entered at 1.45993

Stop loss set at 1.46921

Take profit 1 at the 50% retracement and previous minor structure: 1.45066

Take profit 2 near the extreme of previous structure: 1.43616

If TP 1 is hit I will roll stop loss to break even for a risk free trade.
Trade fechado manualmente:
Closed half position at 382 retracement (mismanaged the trade as I was meant to leave it to the 50% retracement) for a small profit
Trade fechado: stop atingido:
Stop loss rolled to breakeven and was stopped out overnight
Aviso legal

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