EURAUD SHORT
Why are we entering?
- Expecting AUD strength and EUR weakness
- Price is approaching a trendline & structure.
What are we waiting for to happen?
- Rejection of structure level
- Trendline touch
Entry 1.582
SAFE Entry: Rejection of trendline & structure level with a break of RISK trendline
Risk Entry 1: Break of RISK trendline
Once entered, where will our Stoploss be?
- Above the trendline (above 1.587) 50 pips
Where do we take profits?
- First TP: 1.569 (130pips)
- Final TP : 1.557 (250pips)
- Holding remainder of position as we may short further with stop loss placed at 100 pips profit
Why are we entering?
- Expecting AUD strength and EUR weakness
- Price is approaching a trendline & structure.
What are we waiting for to happen?
- Rejection of structure level
- Trendline touch
Entry 1.582
SAFE Entry: Rejection of trendline & structure level with a break of RISK trendline
Risk Entry 1: Break of RISK trendline
Once entered, where will our Stoploss be?
- Above the trendline (above 1.587) 50 pips
Where do we take profits?
- First TP: 1.569 (130pips)
- Final TP : 1.557 (250pips)
- Holding remainder of position as we may short further with stop loss placed at 100 pips profit
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.
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.