AUDUSD Seller Trap Active (SELL TRADE ACTIVE) Floating @ 1:3 RRR
What is up folks so just a quick update before the weekend comes
So far so good on this trade that was taken earlier today, it is floating at just about 1:3+ RRR, Side note this is where a lot of traders tend to try closing - in my experience and for my style this is when the trade is now being born
Based on the structure at the low I believe that the dealer still very much needs to take out the buyers at the low so I am looking at a minimum of a 1:6 RRR for this trade alone and if it wishes to give me even more than that then who am I to deny the market's generosity?
Have a great weekend folks
See you guys in the next one
:)
So far so good on this trade that was taken earlier today, it is floating at just about 1:3+ RRR, Side note this is where a lot of traders tend to try closing - in my experience and for my style this is when the trade is now being born
Based on the structure at the low I believe that the dealer still very much needs to take out the buyers at the low so I am looking at a minimum of a 1:6 RRR for this trade alone and if it wishes to give me even more than that then who am I to deny the market's generosity?
Have a great weekend folks
See you guys in the next one
:)
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.
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.