AUDNZD SHORT
Why are we entering?
- Price is approaching a structure level & trendline
- Price is approaching our 0.618 fib level
What are we waiting for to happen?
- Rejection of structure level
- Trendline touch
- Rejection of our 0.618 fib level
Entry 1.081
SAFE Entry: Rejection of trendline, structure level, fib level
Risk Entry 1: Early break of RISK trendline
Once entered, where will our Stoploss be?
- Above the trendline & structure level (above 1.084) 30 pips
Where do we take profits?
- First TP - Previous structure level : 1.061 (200 pips)
- Final TP - Channel support / Previous low : 1.031 (500pips)
Check out my other ideas below!
Why are we entering?
- Price is approaching a structure level & trendline
- Price is approaching our 0.618 fib level
What are we waiting for to happen?
- Rejection of structure level
- Trendline touch
- Rejection of our 0.618 fib level
Entry 1.081
SAFE Entry: Rejection of trendline, structure level, fib level
Risk Entry 1: Early break of RISK trendline
Once entered, where will our Stoploss be?
- Above the trendline & structure level (above 1.084) 30 pips
Where do we take profits?
- First TP - Previous structure level : 1.061 (200 pips)
- Final TP - Channel support / Previous low : 1.031 (500pips)
Check out my other ideas below!
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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.
Related publications
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.