POSITION TRADING: SHORT AUDUSD. TARGET 0.58000
Updated
TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.66550
STOP LOSS: 0.73400
TAKE PROFIT: 0.58000
RISK TO REWARD: >1:1
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed @ 78.6% SWING FIB RETRACEMENT.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
TRADE DIRECTION: SHORT
TIMEFRAME: WEEKLY
ENTRY PRICE: 0.66550
STOP LOSS: 0.73400
TAKE PROFIT: 0.58000
RISK TO REWARD: >1:1
ANALYSIS: Price broke the demand zone / support and is likely looking to aim for upcoming demand zone / support. stop loss ideally placed @ 78.6% SWING FIB RETRACEMENT.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
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