AUDUSD Short NOW at 0.7300 with a bearish deep crab
Happy New Year everyone.
This is my first trade for 2017. I see 0.7300 as a strong resistance and this is further confirmed by a deep crab pattern setting up. The trade is now triggered. My entries are shown below.
I will target the 0.7150 level for the final ticket.
Ticket 1:
Direction: sell
Entry price: 0.73
Stop loss: 0.7335 (35 pips)
Target: 0.7260 (35 pips)
Ticket 2:
Direction: sell
Entry price: 0.73
Stop loss: 0.7345 (45 pips)
Target: open
This is my first trade for 2017. I see 0.7300 as a strong resistance and this is further confirmed by a deep crab pattern setting up. The trade is now triggered. My entries are shown below.
I will target the 0.7150 level for the final ticket.
Ticket 1:
Direction: sell
Entry price: 0.73
Stop loss: 0.7335 (35 pips)
Target: 0.7260 (35 pips)
Ticket 2:
Direction: sell
Entry price: 0.73
Stop loss: 0.7345 (45 pips)
Target: open
Trade closed manually
I closed this trade with 4 pip profit. It almost hit the stop loss after the initial positive reaction so decided not to hold on to this further.
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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.